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Currently, the country accounts for nearly 50 percent of the global market share, Yang noted, adding that foreign-invested enterprises contribute more than 30 percent of IC sales revenue on the Chinese mainland.

Currently, Huawei is leveraging AI to improve production efficiency within the company but has not utilised it to boost social capabilities. Ren said AI-related problems of concern to sociologists will not emerge over the next 30 years.

Cross-border e-commerce cooperation has brought China and Belt and Road economies closer, and the benefits will extend not only to trade but sectors such as the internet and e-commerce, said the DT Caijing-AliResearch report.

Currently, the company is seeking to develop more projects such as indoor ski domes and ice and snow amusement parks in Yangtze River Delta, Pearl River Delta, and Sichuan and Chongqing. Ice and snow are scarce resources in those areas, but the demand and spending power is strong, Carving Ski said.

Currently, Xiaomi products are sold in more than 70 countries and regions around the world. They enjoy firm foothold in many markets. According to the company's fiscal results from January to December last year, its international revenue grew 118.1 percent year-on-year to 70 billion yuan (.4 billion).