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China is the world's second largest home for "unicorn firms" -- the country had a total of 58 privately owned companies valued at over 1 billion U.S. dollars in 2017, according to Zhang.

China is clearly on its way to leading the world on many fronts, including economically and technologically. It is already shaping the future of the world in many ways, and will continue to do so.

China is definitely one of the company's targets. The report from Shenzhen-based Qianzhan Industry Research Institute showed that in 2017, China's smart home market totaled 334.2 billion yuan (.2 billion), growing 24.8 percent year-on-year. The market is estimated to maintain an annual compound growth rate of 21.4 percent until 2020, reaching 581.9 billion yuan.

China has two big advantages as a manufacturing power, according to the business magazine, with its industrial base unparalleled in breadth and depth, and the country's vast domestic market.

China has resolutely introduced effective and rational macroeconomic policies in a timely way to tackle the impact of the COVID-19 pandemic, he said.