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"China is undergoing a huge demographic shift, with the proportion of its elderly population aged over 65 on track to grow from 10 percent (of total population) today to 24 percent by 2050," said Domenico Savarese, global head of ageing at Swiss Re.

"By relying on a monetary fine to deter Facebook, the FTC has failed to heed history's lessons. Facebook has already written this penalty down as a one-time-cost in return for the extraordinary profits reaped from a decade of data misuse," said Blumenthal.

"China is such an exciting market for us as we are seeing a huge increase in the awareness of the importance of oral care. A generation ago Chinese consumers would only see a dentist when they had problems, now people are more proactive and take better care of themselves and their families," he said.

"China is the No. 1 source (of tourists) for most of the travel destinations in the Asia-Pacific area. The number of both inbound tourists and those traveling abroad has surged recently, which led to our joint venture with Alibaba," said Craig S. Smith, president of Marriott International's Asia-Pacific region.

"China and the United States are the two largest economies in the world…managing their relations effectively, instead of pointing fingers and exerting pressure on one another, is of great concern to everyone," he said.