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"Compared to the downturn seen in smartphone demand and many other segments in the first six months of this year due to the devastation caused by COVID-19, the smartwatch remains a popular consumer device segment," said Sujeong Lim, senior analyst from Counterpoint Research.

"China's competitive advantages are significant with the country's high-speed rail technology having proven that it can stand the test of various climates ranging from alpine to tropical conditions," said Zheng Changhong, former deputy chairman of CRRC.

"Considering changes in customer demand is a key issue of future mobility," said Wang Tong, vice-president of Xpeng Motors.

"Chinese brands have made great strides in improving car quality and after-sales service, sometimes even outperforming certain global brands," he said, adding that many of its exported vehicles were shipped from Chongqing to the Port of Shanghai via inland river transportation.

"Continued growth and success of the Chinese firms in the US will eventually give them a competitive advantage in the public-private partnership market," said Foye.