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China has unveiled an ambitious blueprint to develop its own standards for autonomous vehicles by 2025, which analysts say would generate vast investment opportunities and transform the country's automotive industry.

China has the world's leading system integration companies in mobile phones, 5G communications, security and other areas. They traditionally tend to cooperate with European and US suppliers. But as the US government moves to impose export controls on Chinese technology firms, they have begun to feel the urgency of working with domestic semiconductor companies, Huang said.

China is enhancing the protection of intellectual property rights by amending laws and tightening enforcement to better support high-quality economic development.

China is forecast to spend 900 billion yuan (4 billion) to 1.5 trillion yuan (4 billion) on 5G network construction from 2020 to 2025.

China is now the second-largest trade partner for Mexico, a country that is "strategic in the Latin American region," and one with which China "seeks to strengthen economic and tourism development between the two countries," said Qiu.