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But with the relaxation of JV restrictions, these companies could set up production in China on their own, he said.

But there may be reason for optimism as some states reopen.

But the accounting rules can be unified under the ACCA standards, supported by its international network, which includes offices in 25 Belt and Road countries, to reduce potential uncertainties and risks for Chinese enterprises' overseas investments.

By 2018, the market scale of online education in China is expected to reach 200 billion yuan ( billion), with a growth rate of nearly 20 percent every year, according to consultancy iResearch. More than a quarter of investments in online education focus on K-12 education, followed by early childhood education and vocational training, iResearch said in a report.

But the Tianjic chip is expected to stimulate general AI development by paving the way for more generalized hardware platforms, said Shi Luping and his colleagues at the Center for Brain Inspired Computing Research at Tsinghua University who have designed and developed the chip.