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"China is the largest exporting country of crude drugs. In the short term, the total orders might go down, but in the long term, the impact will be transferred to the local pharmaceutical companies in the US," said Shi Lichen, an industry analyst and the founder of a third-party medical services platform.

"China is really transforming itself. China's growth over the last 50 years was one model of development, providing the world with lowcost goods," Hejazi said. "In the next 10 to 20 years, China must transform into an innovation-based economy, and there's a lot of potential there for Canadian companies.

"California maintains a close economic and trade tie and people-to-people exchange with China," Zhang Ping, Chinese Consul General in Los Angeles, said in his keynote speech to the Belt and Road Forum hosted by the Hong Kong Association of Southern California.

"China and the UK are major countries with international influence," Liu said. "The cooperation between the two countries has a global impact. Both have the duty to adhere to free trade and to push for more vigorous, more inclusive, and more sustainable economic globalization."

"China has come up with solutions such as the Belt and Road Initiative that aim to create a more open and inclusive international cooperation platform to fuel a new round of development," Xu said.