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"China never has and never will ask relevant countries to use natural resources as security for a loan. China's aid and support to the Philippines have no strings attached," Geng said.

"Carrying massive customer data, mobile ads (tailored to each and every customer) can capture demand better than traditional ads, increasing the media investment efficiency," said Leo Chiang, principal with consultancy PwC Strategy&.

"But now the situation has changed, with the US hoping China does not allow the yuan to depreciate," said Yu. "A weaker yuan would help boost China's export and reduce US exports to China."

"China has advantages in the speed of AI development and its wide application, but its weak points are the depth of basic research and originality," Wan said.

"But, the improvement has been limited. Investors are still concerned about default risks of private enterprises," he said.