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Between 2013 and 2017, private companies invested 1.1 trillion yuan (8.5 billion) and 500 billion yuan respectively to take part in the mixed ownership reform of central and provincial SOEs through forms such as equity diversification and business outsourcing, data from the SASAC show.

Besides, GE worked with China Eastern Airlines to track and diagnose 500 jet engines of the fleet, reducing the cycle of diagnosis by 90 percent.

Besides "a significant number of Chinese companies", a lot of other companies from different parts of the world being in Silicon Valley helps the innovation of the region, said Kaspar. Embracing the diversity and "being able to leverage different resources" is the key to the success of Silicon Valley, he said.

Besides regular meals, Chinese diners are becoming increasingly interested in other types of online catering services such as late-night snacks and afternoon tea.

Bhandari was speaking in Kathmandu at the annual Nepal Power Investment Summit. Focusing on developing 40,000 MW in the next 10 years in Nepal, the three-day event, from Jan 27-29, will showcase energy investment opportunities in Nepal and provide updates on the sector's development.