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"China's AI talent (pool) is only half that of the United States, which may (hinder) future development of (the) AI industry (here)," a report from the Tencent Research Institute stated.

"Creating the right environment is important to us as we continue to attract, develop and invest in the staff we need to meet our digital ambitions," he said.

"China's economy is running stable and maintains good momentum for growth. The trend is expected to continue for the long term. The Chinese market has great leeway, strong growth impetus and resilience," said Wang Changlin, vice-president of the Academy of Macroeconomic Research of the National Development and Reform Commission.

"Currently those countries incinerate about 65 to 70 percent of their total waste, with daily production capacity reaching about 800,000 tons each. China is likely to hit this level by 2025. Now China's waste-to-power development is seeing steady progress, and has a relatively mature industrial value chain and technologies. Going forward, more effort is needed to advance current technologies to raise incineration efficiency and reduce emissions, as well as reduce costs to promote waste-to-power development in rural, less-developed areas," Zhang said.

"Companies from China may proceed at any time to negotiate all types of contractual arrangement with US LNG exporters, including long-term contracts ..."