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He said any president's words are "sacrosanct" and have to have credibility. "This reduces our president's, our country's, credibility when he says things that are not accurate," said Burns, now a professor at Harvard's Kennedy School.

He said a typical two-bedroom condo is 1,400 square feet, which cost .2 million at a price closer to ,000 per square foot in some cases. The most expensive apartment on Billionaire's Row – the ultra-luxury residential skyscrapers constructed or in development on West 57th Street -- sold for about 0 million.

He pointed out data privacy and security is gaining traction in China and abuse of personal information, as important as one's facial image, is becoming more and more difficult for people to accept.

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He reiterated in his briefing at the meeting that there is no military solution to the crisis, only a political one.

He said that Australia was an ideal renewable investment opportunity because of its high consumption and stable energy market.

He said a typical two-bedroom condo is 1,400 square feet, which cost .2 million at a price closer to ,000 per square foot in some cases. The most expensive apartment on Billionaire's Row – the ultra-luxury residential skyscrapers constructed or in development on West 57th Street -- sold for about 0 million.

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He said that domestic brands take up 35 percent of total sales in China and international brands have 65 percent.

He said GSK CH will triple its investment in the area of big data marketing, content marketing and cross-industry co-branding, which are expected to drive sales, improve profitability, and enhance the company's competitive edge, reaching and serving more Chinese consumers online.

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He said China has made consistent efforts to improve the global partnership network with a view toward working with other countries to strive for shared, sustainable, win-win development through joint contributions, which in turn will lead to development opportunities for all.

He said he expects to see deregulation of leverage ratio, and encouragement for product innovation as well as mergers and acquisitions within the industry this year. "Helping private capital play a larger role in the industry will count."