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Ant Financial, hailed as the mainland's biggest unicorn with an estimated valuation of more than billion, is considering going public in the mainland or Hong Kong.

Another major driver behind China's pole position is its advantages in battery cell production, according to German consulting firm Roland Berger, which conducted the study in partnership with German automotive research institute Forschungsgesellschaft Kraftfahrwesen Aachen.

Ann Lee believes a country's innovative prowess is a better indicator of superpower status than its gross domestic product.

Another 86 companies are expected to post a rise in their net profits in 2017, but their annual reports are yet to be released.

Apacible and other panelists find that opportunities also emerge in a new era of connectivity and further media collaboration will lead to better understanding and sharing, and to addressing the issue of fake news and disinformation.