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"By relying on a monetary fine to deter Facebook, the FTC has failed to heed history's lessons. Facebook has already written this penalty down as a one-time-cost in return for the extraordinary profits reaped from a decade of data misuse," said Blumenthal.

"China is probably the only country able to host such an event," said Roger Kornberg, a biochemist from the United States who won the Nobel Prize in chemistry in 2006 and addressed the forum via video link. "The challenges of bringing together 137 laureates of various prizes as well as a very large number of other participants and young people is a logistical nightmare and really almost impossible to accomplish. And yet, the leaders of this effort in China have succeeded and done a brilliant job."

"China has become the second-largest business jet market, and it also enjoys the fastest growth in the world," Liao Xuefeng, chairman and CEO of China Business Aviation Group, said while attending the annual three-day Asian Business Aviation Conference & Exhibition, which opens on Tuesday in Shanghai.

"China highly commends Interpol's efforts to protect the world's security and stability, and will continue to support Interpol so it can play an even more important role in global security governance," Xi said, adding that China has been committed to developing cooperation with Interpol since becoming a member in 1984.

"Car sales will be further affected in the short term."