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Currently, SAIC's own brands MG and MAXUS are present in more than 10 European countries, including the United Kingdom and France.

Customers visit Guangzhou Wanglaoji Pharmaceutical Co Ltd's 1828 Wanglaoji outlet in a shopping mall in Guangzhou, Guangdong province. [Photo by Li Zhihao/For China Daily]

Currently there are three similar products available in China, including one from established US company said Liu. But she's optimistic that her company's product has a huge market potential because inquiries have surged since China required pig slaughterhouses to conduct compulsory self-checks in April.

Currently, each region can only set up one scrapped vehicle recycling enterprise, which means that the total number was capped. Therefore, the qualified recycling enterprises have monopoly, which is not conducive to the development of the industry.

Currently, Medtronic has a Medtronic Innovation Accelerator in Shanghai, which was designed as a platform to help medical technology startups speed up conversion of their innovative ideas to marketable products. Its Medtronic-SJTU Joint Laboratory, the first Medtronic technology partnership with a top Chinese university, was set up in March, aiming at advancing research in medical application of artificial intelligence.