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"China is fast becoming a global hub for innovation, particularly in the field of AI," said Zhu Wei, senior managing director and chairman of Accenture China, while noting Chinese companies have demonstrated great determination to digitize their organizations amid the current complex business environment.

"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

"But today, we are open and receptive to what the consumers have to say because we belong to them," Seth said.

"But, today, this message from the IEEE about replacing all reviewers from Huawei in IEEE journals challenges my professional integrity. I have to say that, as a professor, I don't accept this. Therefore, I have decided to quit from IEEE editorial boards until it returns to professional integrity."

"China is becoming increasingly an innovation leader, as opposed to just playing the role of catching up with other advanced economies," Fu said.