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Applications will be accepted through November 20, and finalists will be picked based on GPA, community involvement, and leadership experience. Students must either be in a four-year accredited college or university this fall, or plan to attend in fall 2015. Semifinalists will need to submit an essay, and winners will be notified next July. You can apply here.

As China's attention partly moved toward pumping short-term credit into the local economy, Mitter said regional partners would want signals as to how China's foreign direct investment strategy is going to change after COVID-19.

As I said, China and France are special friends and win-win partners. The world is undergoing major changes rarely seen in a century and humanity stands at a critical stage of development. The challenges and risks we confront are ever more complex, and the opportunities we could grasp are just as unprecedented. As France's comprehensive strategic partner, China will continue to forge ahead with France shoulder to shoulder. I hope the two sides will seize the historic opportunity, meet challenges with joint efforts, and deepen strategic mutual trust in order to broaden the horizon for our common development and shared prosperity.

As L'Oreal China is tapping into the venture capital field, it will gradually open up its ecosystem to startup companies to better integrate into Chinese startups. Only in this way can the company build its Chinese ecosystem uniquely and completely, Megarbane said.

Around 100 attendees, including investors, entrepreneurs and scholars from China and the US, shared industry trends, China-related opportunities and challenges, and startup pitches and products prototypes at the event.