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"Cooperation is the only choice for China and the US, and a better future could only be achieved through win-win cooperation," said Yuan Hao, commercial consul for the Chinese Consulate General in Los Angeles, who spoke at the event.

"Currently, the data of banking institutions lack accuracy, comprehensiveness and timeliness. These quality problems of data have prevented banks from heading toward high-quality development and have affected the regulatory efficiency," said the China Banking Regulatory Commission in a written explanation for the latest guidelines posted on its website.

"Currently China has 200 to 300 million middle-income earners. By 2020 that figure is projected to surpass that of Europe," said Ding. "There is definitely a strong call for supply from premium brands globally."

"Creating a new chilled milk brand for Chinese consumers will enable them to upgrade their dairy consumption," said the statement, without elaborating on the details of the new product or the brand, nor the size of the investment.

"Currently China lacks specific data on myopia, but clinical experience shows myopia is occurring at a younger age and worsening at a faster rate in China than the rest of the world," said Long Qin, a senior ophthalmologist at Peking Union Medical College Hospital.