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Another area where the US and China can collaborate is pushing for personalized and data-driven control and prevention of the pandemic, especially when the economy is reopened, said Zhi-Yu Jiang, CEO of Virtual Enterprise System Solutions, a San Jose-based tech company.

Annette Nijs, economist, China watcher and the founder of The China Agenda, a provider of information on China, said ToJoy is a unique and innovative business model for scaling up entrepreneurial businesses.

Another aspect of the collection is that it shows the continuity of Chinese culture.

Announcing the departure, a State Department spokesman said Akard's deputy, Diana Shaw, would become the new acting inspector general.

Apart from seeking for more business growth drivers in China, foreign banks are also eyeing more opportunities for doing business with Chinese companies overseas as an increasing number of the firms are expanding their global footprint, especially in the economies participating in the Belt and Road Initiative.