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Apart from a complete industry chain, where companies can find almost anything for production of a wide range of products, China's business climate has improved in recent years and will further improve, with a slew of new laws and regulations as well as high-level international trade fairs and other exhibition events.

Another key interdependence is economic, and efforts must be made to prevent the pandemic from triggering a deep recession. China is known as both a manufacturer and major market globally, but it is also true that trade between China and ASEAN is larger than that with the US.

Another speaker, Mickey Fulp of the website Mercenary Geologist, told SmallCapPower that the recent gold slide was merely a short-term liquidity event, as people wanted to raise capital by selling one of the most liquid assets available — gold. He remains long-term bullish on the precious metal's prospects.

Apart from competitive markets, which can help entrepreneurs choose industries and technologies when giving full play to their comparative advantages, a company's competitive edge also requires suitable infrastructure and sound institutional environment, Lin said. That means governments should coordinate or provide relevant resources to make markets more effective.

Another goal is to help Cincinnati and West Chester to find a sister city. According to Chan, Cincinnati will begin the search by first establishing friendship city relationship with Chongqing and Changsha during this visit.