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"Globalization is a good thing for the world and good for billions of people," he said. "What you do in globalization is you are specializing skilled people and then we trade, exchange and manufacture."

"Governments will need to pursue a credible medium-term fiscal plan that relies on improving revenue mobilization -- including through minimizing tax avoidance, greater tax progressivity in some cases, carbon pricing and higher efficiency in spending," they argued.

"Hainan will become an important meeting point for talents, logistics and capital flows, and then become an important node for global resource allocation. In the past six months, well-know enterprises at home and abroad, such as Swiss Re Group, Temasek Holdings, Alibaba Group Holding Ltd, Baidu Inc, came to Hainan, bringing numerous good jobs to young people," Shen Xiaoming, governor of Hainan, said.

"GM's unit in Turin, Italy, which has been specializing in diesel power, has shown great interest in our engine, and it wants to obtain our license to produce the engines in the United States," said Jin Pu, chief technology officer of Techrules, in a recent interview with China Daily.

"Guizhou province, a liquor-making region, has rich resources, a pleasant climate, and huge potential for development. It is attractive to investors. Guizhou has many similarities with Italy, and there are many areas available for potential cooperation," he said.