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"China is the first superpower in the world that has peaceful proposals."

"China is one of the most dynamic markets, where enterprises are pushing forward digital transformation, creating abundant growth opportunities," Microsoft CEO Satya Nadella said at a forum earlier this year, without disclosing specific investment figures.

"China has a rich pedigree of bringing innovations to the world. It has also established itself as the global manufacturing center, with an in-built ambition to be the world leader in many technological breakthroughs," said New.

"California has the 10th largest economy in the world, with a strong global exporting presence, particularly in areas like agriculture and technology" so the state probably didn't want to miss out on the potential economic development prospects associated with BRI, he said.

"China is installing more robots than any other nation, and that may affect every other nation," said the report.