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"China has not been traditionally known as a strong winter sports nation. But the country's will to succeed, and to engage ordinary people in sport activities in general is significant," he said. 

"China has, because of the international economic crisis, now been concentrating on creating a domestic demand through the poverty reduction, through these structural reforms, through the infrastructure investment. This now has become a major driver for the Chinese economy, and that's going to have to continue for a while," he said.

"China is seeing a consumption upgrade as consumers are restructuring purchasing behavior and lifestyle," Zhao said.

"But the market is willing to give it a high valuation as an internet company due to the celebrity effect brought by the lineup of star-studded shareholders such as Pony Ma and Jack Ma," he said.

"China has invested billion in Texas since 2000. That's a good and strong indication that if we want to grow and to develop, we need to look to China," the mayor told China Daily at the summit. "I met a lot of people at the summit, including representatives from Suzhou."