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Despite predicting that China's AI market will enjoy a 50-percent annual increase, way above the global rate of 20 percent, McKinsey and Company, a worldwide management consulting firm, also noted that less than 25 percent of the AI industry insiders in China have over ten years of experience in the business, while in the United States that number is 50 percent.

Deng said three of the 29 agreements signed during Xi's state visit will enhance financial cooperation between the two countries.

Deluxe room of Regent Beijing hotel. Photo provided to China Daily

Despite Da Dong's global ambitions, 2018 was a tough year for its culinary business domestically.

Demand for milk powder and liquid milk in China - produced at home and abroad - will keep increasing with the expected rise in the number of newborns following the implementation of the second-child policy, and the growing number of people older than 60.