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"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.

"Car dealerships have opted to sell Foton trucks. They know the market well and are aware that products made by Foton, which has a portfolio of all the latest models, have extraordinary potential," said De Barros.

"China is making enormous investment in academic infrastructure to build up research capabilities, and that investment will pay off," he said.

"China has created in the past 20 years many potential advantages, and it is starting to use some of them. But I think it can use those advantages much more quickly and strongly, particularly in the energy sector. China is in a good place to put these advantages to work," he said.

"By relying on a monetary fine to deter Facebook, the FTC has failed to heed history's lessons. Facebook has already written this penalty down as a one-time-cost in return for the extraordinary profits reaped from a decade of data misuse," said Blumenthal.