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"China is an energetic and fast-growing market, and the new generation of luxury consumers are getting younger. We are making changes with the times," Fukuichi told China Daily.

"By cooperating with Chinese companies, overseas steelmakers can gain more share in the country's steel market, which is the largest in the world," Xu said, adding Chinese companies can cooperate with foreign steel giants on advanced technologies to improve the competitiveness of their products.

"Careful deliberation has gone into the selection process, and it was found that these buses are the best fit with the most dynamic benefits for the City of Albuquerque," the mayor said.

"China is making a very sensible bet here on AI. It is very well placed to take advantage of the coming AI revolution. It has a lot of data, it has lots of big tech companies which are well positioned to develop," Walsh said.

"But people in Washington aren't even aware of it, in part because the Trump administration does not have a single person at the senior level who knows anything at all about how the US-China relationship was restored," he said.