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"China tends to be a country that's very innovative, very forward-looking as far as deploying new technologies, and we think those two technologies are going to play a big role in China's energy future," he said.

"China's Belt and Road Initiative will help us build Nansha Port into a major international trade hub," Song said.

"Countries are racing to identify strategic technologies and develop sustainable competitive advantages in areas like artificial intelligence and robotics. With Xi's speech, blockchain technology can now be added to this list."

"Countries succeed by having open systems, not closed borders," he said. "The US has long thrived through openness and diversity. China, of course, has conducted business and cultural exchanges with openness for thousands of years, as exemplified by the Silk Road.

"China's current energy structure is able to reduce both greenhouse gas and local pollutant emissions simultaneously. With the new ministry established, the government will have more control over technical, political, strategic and financial solutions, realizing a synergistic effect," Zou said.