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China's top leadership is wise in placing an emphasis on growing the artificial intelligence sector, because AI is a relatively young and fast-growing industry globally. So China's scope to enjoy the first-mover advantage is significant.

China-derived innovation is generating positive spillover effects. For Mondelez, the lighter, crispier and easier-to-digest Oreos inspired by China's healthy-eating practices are also warmly received in markets outside of China. And for the Mars bar, green tea and strawberry flavored versions are gaining traction.

China's top envoy to Canada made the comments in a webinar hosted last week by the Canada China Business Council, or CCBC, in which he highlighted the business opportunities for foreign investors as China moves from its 13th Five-Year Plan (2016-20) to 14th Five-Year Plan (2021-25).

China-UK relations entered "a golden era" and the nations announced they would build a global comprehensive strategic partnership, President Xi Jinping said during his visit to Britain in 2015. The two countries maintain three high-level dialogues in security, economic and financial cooperation, and people-to-people exchanges.

China's recently announced financial opening-up policies and the continuous support from local partners, such as China Export & Credit Insurance Corp, have facilitated the launch of the Shanghai office, he said.