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China has vowed to pursue a "prudent and neutral" monetary policy in 2017, apply a full range of policy instruments to maintain basic stability in liquidity and hold interest rates at an appropriate level.

China is the largest market in the application of AI technology. China's economy has developed to the extent that innovation is much understood and welcomed by the people, and AI products are popular among families and children, he said.

China is able to solve major problems by pooling resources and efforts, and it is a great feat to bring tens of millions of people out of poverty with measures including industrial development and job creation, Foe said.

China is undoubtedly a leader in the global switch to new energy vehicles－a market which has attracted the attention of every major auto manufacturer. To transform these challenges into opportunities, a dependable and predictable regulatory framework, data security, protection of intellectual property and open access to the market are needed.

China is pushing forward the Made in China 2025 strategy, as it seeks to tackle bottlenecks and make breakthroughs in 10 sectors, including aviation, new-energy vehicles and marine engineering equipment.