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"China market has bounced back from the impact of COVID-19 better and faster than we have expected, which provides huge opportunities for us. China market is now expected to be our fastest growing overseas market," added Hitchcock.

"China lacks forest and timber resources, but is rich in bamboo. Expanding the use of bamboo is important to promote the paper-making industry," said Wu Hejun, chairman of Sichuan Yong Feng Paper Industrial Co.

"China now is our No. 2 market for international tourism, we also share world heritage cultural distinctions," Kenney said, adding that this January, representatives from the Philadelphia department of commerce visited China and discussed more opportunities for collaboration.

"China over the last 20 years built very strong infrastructure. I cannot see any country around the world who can match up with that. Especially when you talk about the toy industry. Whatever spare part I need for my products, I find a supplier (there)," said Peter Handstein, founder and CEO of Hape Group, told Xinhua at the 2020 North American International Toy Fair in New York City.

"By 2016, a broad swath of Americans had begun to feel the effects of China's development in their everyday lives－in shopping malls, at the multiplex, in paychecks－and to sense that the center of global power might be shifting from the United States toward China," Robert Daly, director of the Kissinger Institute on China and the United States, wrote earlier this year.