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As the fourth largest city in the United States, Houston is not only the world energy capital, but also has the largest medical center in the world, Turner said, adding: "There is plenty of potential in building the relationship between the two, but you have to work at it."

As the US financial system deregulated, more than half of the local banks that had financed local companies went out of business－either by failing or by being absorbed into a few big banks. Actually, deregulation is the wrong word: the big banks were allowed to compete nationally, but many new regulations and reporting requirements were so expensive that small local banks could not cover the legal or information technology costs.

As the pandemic eases, the government has categorized regions into low, moderate and high-risk areas for COVID-19 infections and has taken different measures in regions with different risks, reflecting the principle of appropriateness, he said.

As this year marks the 45th anniversary of the normalization of China-Japan diplomatic ties, and next year will be the 40th anniversary of the signing of the China-Japan Peace and Friendship Treaty, Kong urged the two sides to take the opportunities to overcome obstacles and interruptions and consolidate the momentum of the improvement of bilateral relations.

As this year's Guest Country of Honor, the Philippines had a 400-square-meter national pavilion. With some Philippine enterprises unable to come to the site due to the pandemic, visitors could scan the QR codes in the pavilion to learn about projects and products, or step into the negotiating room and talk to people in the Philippines directly via video link.