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"Compared to the demands of application scenarios for AI algorithms, the supply is less than 1 percent," Yin said. That is especially the case when it comes to facial recognition technology's application industries such as transportation and finance, which have stringent demands for precision, security and safety.

"Chinese delivery companies' international push is still at an early stage. There are more opportunities to be tapped and the industry will become more regulated in the future," said Yun Mian, vice-chairman of the China Society of Logistics.

"China's three internet giants are building a rich digital ecosystem that is now spreading beyond them. Baidu, Alibaba, and Tencent ... are driving technical performance such as computing efficiency to set new world-class standards," the MGI said.

"Creative products of museums have largely been a foreign concept and do not have a long history in China. Though many museums and galleries have been selling and developing products, they were more like souvenirs and not real cultural products," said Gao Yang, head of the art innovation center of the National Art Museum of China.

"China's gaming industry enjoyed rapid development during the past five years, on the back of an explosive growth in mobile games," said Lu Xiaoyin, chief executive officer of the games segment of Perfect World Co Ltd, a Chinese entertainment firm.