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"China opened-up in 1978 and then established diplomatic relations with the US in 1979. We have been building the bridge for US-China economic cooperation since 1981. Although the US and China are going through some trade disputes, we believe it's only a short term problem," Huang said.

"Children in China would be very busy with their studies after entering junior middle school and high school. Before that, I hope my son can have some happy childhood memories, so I let him decide what he wants to do during the vacation so that he could spend the vacation in a way he is pleased and satisfied with."

"China needs tempered hardwoods for certain looks and characteristics," he said. "China can get some of that from Europe but not much. We are a reliable supplier for them – far better than Europe, and we do it at a good price with good quality."

"China is of strategic importance to Standard Chartered. We are honored to be the first international bank to be granted this license," said Bill Winters, group chief executive of Standard Chartered.

"But this gentleman simply equated economic improvement with personal improvement, assuming that this is what would happen," she said. "But in China, this is the case — there's been extraordinary degrees of improvement in the lives of people."