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As an example of “thinking about what offensive tools that we already have and what tools we can develop to play offense”, Larsen said that rather than responding to China’s Belt and Road Initiative with alarmism, the US should reinvest in existing programs that promote trade, investment and economic diplomacy.

As a new and fast-developing industry, digital technology - which integrates industries with cutting-edge technologies - can promote industries' development through the internet, digitalization and intellectualization, in order to ultimately reduce production costs, improve user experience, increase industrial revenues, and upgrade industrial models, according to Chen.

As for the fiscal year 2019, the company's total revenues were 1.15 billion yuan, rising 86.6 percent year on year, while net income was 176.7 million yuan, a surge of 220.8 percent year on year.

As a deputy to the 13th National People's Congress, Wang revealed during the two sessions that all the construction work connecting China with Vietnam, Laos and Myanmar is speeding up and expected to be finished by 2021.

As for the solicitation process, Lin said that started in July, with 32 proposals. Six were selected as finalists.