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Describing China as one of the innovation hubs in Asia, Smejkal said China is now a leader of innovation in the region.

Despite COVID-19 affecting business operations in many parts of the world, the Beijing-based company's sales revenue surged 18.68 percent on a yearly basis to 18 billion yuan (.69 billion) over the nine-month period, while the value of newly signed contracts jumped 35.26 percent to 30.97 billion yuan.

Dennis Lo Yuk-ming, the associate dean (research) of the Faculty of Medicine of the Chinese University of Hong Kong, said that it would create more flexibility for faculty members to commercialize their research if Hong Kong universities relaxed their outside practice regulations. Currently, academic personnel in Hong Kong are only permitted four days per month for outside practice, according to an Our Hong Kong Foundation report.

Despite negative publicity about hoverboards a few years ago－centered on their tendency to explode－the manufacturer Swagtron was at CES with some of those devices, along with skateboards and bicycles boosted by electric motors.

Despite a slower growth rate compared with previous years, it was the only passenger car segment that saw double-digit growth in the Chinese market.