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China's high-tech zones have nurtured innovative companies with international influence, and developed a number of world-class industrial clusters in the fields of photovoltaic electricity, wind power and new energy vehicles, Xu said.

China's government has also announced it will develop national regulations for testing AV on public roads in cities across the country.

China's electric car startup NIO recalled 4,803 ES8 vehicles, about one-third of the company's first batch for delivery, Beijing Youth Daily reported on Friday.

China's economy is undergoing an important stage of structural transformation. Innovation will play a central role in driving long-term growth, so I believe this development will be a positive one for the country's future in the years to come.

China's economic growth may recover to around 5 percent in the second half of the year, further recovering from the projected 2.9 percent for the April-June period, he said.