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"Going forward, we will make efforts to make Dingxiang's flange manufacturing more appealing to the global market, through tech innovation and product quality enhancement," he said.

"For example, the Forbidden City has a large amount of ivory antiques that need professional repairs," said Song, also former vice president of Beijing Arts and Crafts Association, adding that the government should connect the institutions with cultural heritage protection organizations.

"Guangzhou has a dynamic scientific research atmosphere, rich human resources and strong economic development momentum, and therefore, the city has its great advantages to become a new and major blockchain technological and industrial center in the Guangdong-Hong Kong-Macao Greater Bay Area," the statement said.

"From World War II onwards trade liberalization under the old General Agreement on Tariffs and Trade culminated in the creation of the World Trade Organization. But these efforts focused on tariffs and legal aspects of globalization such as international standards while failing to deal with creating the material economic underpinnings of globalization such as infrastructure," he said.

"Having a target and a direction is important for developing business and careers. Sticking to the right direction and being patient is critical," he says.