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As part of China's efforts to press ahead with "smart city" development and build itself into a technology-driven economy, the country will hold the fourth China Smart City International Expo in Shenzhen from Aug 21 to 23.

As of March 2019, the company gathered more than 328 million monthly active users, who accounted for nearly half of China's office-software users. Its sales revenue surged from 541 million yuan (.7 million) in 2016 to more than 1.1 billion yuan in 2018. The company's headcount has reached nearly 2,000, the majority 70 percent of whom specialize in product research and development.

As outlined in the 14th Five-Year Plan (2021-25) proposals, manufacturing, especially the high-end manufacturing sector, will become a major driving force of China's long-term economic growth. KPMG expects the development of high-tech manufacturing and industrial upgrades to stimulate investment over the next 12 months. As privately owned enterprises account for 90 percent of China's manufacturing sector, stronger investment data on manufacturing will reflect the improvement of the private sector, said Kang.

As of this year, nearly 100 Chinese enterprises have set up AI-related laboratories and research institutes. While carrying out dozens of joint AI projects, they are partnering with universities in promoting closer links between AI studies and applications.

As of the end of June, SF Holding's international standard and economy express delivery services covered 53 countries and regions including the United States and the European Union, while its small-parcel service for cross-border e-commerce sellers covered 225 countries and regions.