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"Global trade tensions are escalating, which has weakened external demand and given export-intensive small businesses a shock. The output and order volumes of some export companies have been affected and they face future uncertainties," said the white paper.

"Foxconn hopes to reduce costs and grow its market share in the US by launching the LCD panel plant. Moreover, US President Trump's claim to revitalize manufacturing, as well as preferential policies and subsidies from the state of Wisconsin have attracted Foxconn to produce LCD panels to satisfy local demand," said Zhang Yanbin, assistant director of Beijing-based consultancy All View Cloud.

"From the beginning of the vehicle design, there will be a lot of requirements for the original equipment, especially in tire technology, which usually take between two years and three years to follow the vehicle model to develop together," he said.

"From its home in China, the Annual Meeting of the New Champions has grown over 12 years to become the leading global event bringing leaders from government and business together with those from science and technology. I'm proud this year to be welcoming so many Chinese and international partners, many for the first time, as we look to find new ways for innovation to address our gravest challenges and to drive human and economic development," said David Aikman, chief representative officer for China at World Economic Forum.

"For private investors, this would also become a new and more stable way of investing," he said.