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British pharmaceutical and life science companies are also eyeing China's huge healthcare market. The provision of equitable and widespread healthcare facilities was another area highlighted in Xi's speech.

Both sides are likely to herald Thursday's talks－the first of their kind between the two nations－as proof positive of their rapidly growing strategic partnership in the region.

Business leaders and industry insiders see the funding as a golden opportunity for AI companies but also raised concerns about its use.

Building megacities into international consumption centers can better meet consumers' demand for international high-end products, retaining domestic consumption and boosting consumption upgrading, said Wang Wei, director of the market economy research institute of Development Research Center of the State Council.

Bullet trains have become the top transportation choice for most Chinese during the holiday as services are improved and railway networks expanded, according to a report from travel service Tuniu.com.