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"Global tech powerhouses are elbowing their way into the likes of satellite and quantum computing, which are the launchpads for the next wave of commercial applications," Cao said.

"Globalization is a good thing for the world and good for billions of people," he said. "What you do in globalization is you are specializing skilled people and then we trade, exchange and manufacture."

"Happy Chinese New Year-Shanghai Week" invites New Yorkers to share in a sensory smorgasbord of celebratory and cultural activities from the vantage point of Shanghai, China's most modern city.

"Hackers can attack the intelligent connected vehicles and control the braking systems through cellular network, Bluetooth and CD player," Miller said. "To secure automated vehicles, we should find the law of hacking. And based on the law, we stand a chance in developing protective methods," Miller noted.

"Financial risks have shown significant regional differences. In the future, we may see mergers and acquisitions of small and medium-sized banks led by local governments as a measure to resolve regional financial risks," said Vincent Yao, PwC China financial services partner.