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China is implementing a national big data strategy centered on building the country's strength in cyberspace and nurturing a digital China and smart society, which will aid the transition of the country's economy from high-speed growth to high-quality development, Xi said.
China has such an advanced and fast developing market that is leapfrogging a lot of technology steps. Neike said that both the electronic car revolution and next generation robots would happen in China.
China is also poised to lead the global industrial IoT market. There will be 13.8 billion such connections globally by 2025, and China will account for approximately 4.1 billion, a third of the global market, according to the Global System for Mobile Communications Association.
China has very tight policies on approval of GMO products that can be sold for consumption. Most approved GMO products available on the domestic market are imported, Wang said.
China is Tesla's second-largest market, trailing only the United States. Sales by Tesla in the United States reached .81 billion in the first half of the year.
