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But for Essilor, which has been in China for 23 years, only half the market potential, if not less, has been unlocked, he said.

But amid the current enthusiasm for the next-generation wireless technology which will power applications such as autonomous driving, some professionals and analysts also give some suggestions.

But a big thing that it is doing is connectivity. The Belt and Road Initiative is about building connectivity around the periphery of China and knitting it to its neighbors, increasing urbanization, development and developing markets. So I like this idea of China relating to the outside world through building connections, increasing interdependence, because if we are more interdependent, we will be more peaceful.

But according to Hu, Mobike is different from these industries, where companies function as an online platform. Mobike is deeply involved in the whole industry chain, from bicycle design to manufacturing, and it now owns and operates more than 5 million bicycles.

But Xie remained cautious on whether the market could absorb such large volume of supply in a short time, especially for some long-term projects with 10 to 20 years of contract.