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"For the next step, China's monetary and fiscal policy needs to remain loose. Monetary easing is to lower interest rates and to coordinate with treasury bond issuance by the Ministry of Finance. The bonds will raise money for infrastructure construction, a major driving force of economic growth," said Yu.

"Harvey is good at details and numbers. He tells farmers exactly how much they could make through certain ways of raising the cattle. This is something Chinese experts usually lack," Yang said.

"Generally speaking, technologies such as big data will help to promote the development of microfinancing. By definition, they will be excluded from many financial products and services due to a lack of (credit) information about them, so bringing different kinds of information about them is very helpful," Morduch said.

"From the data, we can see a promising future and we believe we can turn the ecological resources into an economic advantage," he added.

"Friendship, which derives from close contact between peoples, is the key to sound state-to-state relations," said Wuxi Mayor Du Xiaogang during the event.