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"China is now Honeywell's largest market outside the US. It is our hope to carry out more profound cooperation with Pudong-based Chinese domestic companies, such as Commercial Aircraft Corporation of China. The solid groundwork that we have laid in Pudong will continue to drive our development in China, playing a crucial role in our integration into the country's digital economy," he said.

"China has become the largest air transport market in the Asia and Pacific region. … In 2017, airports in China handled 552 million trips, contributing 25 percent to the world’s civil aviation growth and 55 percent to the region," Feng said.

"But the government is also striking a delicate balance between innovation and risk. When it comes to the financial system, it is extremely careful about systemic risk."

"Certainly, more people, gallerists and artists coming from China will only enhance what we are doing during Art Basel," he said. "It's a platform for peace, so that international people would get to know each other. It's an important way, since art is life."

"China places great importance on science, technology and innovation. The country follows an innovation-driven development strategy, encourages entrepreneurship and innovation nationwide and fosters sustained economic development and higher living standards."