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"City of Hope saved my mother's life when she had ovarian cancer," said parade-goer Michelle Cohen. "I tear up whenever I see their amazing floats."

"Creating long-term productive assets requires wise and patient capital - a difficult challenge, and this is the reason that there is such a vast global deficiency in infrastructure investment. So Chinese capital and know-how are very important to fill this gap," he said.

"China's efforts to promote the development of 5G networks are proceeding as scheduled. Though the ban on ZTE has led to market concern about a severe negative influence on the telecom industry, the real situation turned out better than we had expected," Essence Securities said in a research note.

"Chinese brandy producers like Changyu have been making achievements on innovating efficient ways to create quality products. To promote the overall brandy industry in the domestic market, Chinese producers need to communicate and learn from their foreign counterparts," said Xu Yan, deputy head of Jiangnan University.

"Cooperation in emerging sectors is also starting, as Chinese financial institutions have set up over 10 branches in Africa, and eight African countries such as South Africa have included the renminbi in their foreign exchange reserves," Qian added.