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Hubertus Troska, a board member at Mercedes-Benz parent company Daimler, said the carmaker is confident in China's potential in the premium car segment, which has maintained a rising trajectory despite the slowdown in the overall car market.

Hurrell said China will always be one of their most important markets. "We have a strong business in China and are still very much focused on the market," he said.

Huawei Technologies Co will soon build cloud computing nodes or availability zones in Brazil and Chile, as part of the Chinese technology giant' efforts to expand its presence in the global cloud arena.

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Huawei CFO returns to Canadian court to fight extradition to US - World - Chinadaily.com.cn

Huawei logo is pictured on the headquarters building in Reading, Britain July 14, 2020. [Photo/Agencies]

Huawei said earlier that more than 211 of the top 500 global companies have chosen to use its products and services to accelerate digitalization. Last month, the Indian government also allowed it to take part in a local 5G trial.

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Hunan also needed to improve its transport connections with the Bay Area, he said, by adding more high-speed trains, constructing highways and increasing flights between major cities in Hunan and the Bay Area.

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Hugh Forrest, chief program officer at SXSW, said that there is more advanced usage in mobile technology in China than in the US, and it’s a big value to have Chinese companies present their stories at SXSW.

Hyra described the massive transformation in the U Street/Shaw area, where the city's once most infamous open-air drug market has become a farmers' market now selling grass-fed beef and homemade duck egg ravioli.