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"Chinese producers were falsely accused, although it is not new. Some years ago we had to deal with an anti-dumping case from the United States over HB steel, which is a product for high-level construction of skyscrapers and even used in vehicles. There was a long investigation, but we eventually won that," Gao says.

"City of Hope saved my mother's life when she had ovarian cancer," said parade-goer Michelle Cohen. "I tear up whenever I see their amazing floats."

"Consumers are going back to trust bigger brands amid the uncertainties … so that in many ways the growth of insurgent brands has slowed down," Lannes said.

"China's digital transformation has developed at an unprecedented speed and has created huge and precious opportunities. The Chinese market has become one of our largest markets globally," said Kang Rong, vice-president of Microsoft Greater China.

"China, however, took a significant lead over India in the agricultural sector by efficient agriculture reforms, policies and technology. Strict rules, strong reforms, incentives and ambitious investments in R & D have helped China," the report said.