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"China has made significant progress in technological research and development as well as industrial applications. The rapid development further integrates AI to electronic terminals and is reshaping a wide range of sectors, including home appliances, robots, healthcare, education, finance and agriculture," Hao said.

"By referring to such cases, investors seeking legal help in similar disputes can get access to a simplified litigation procedure or apply for pre-litigation mediation to avoid lengthy procedures and receive timely protection and compensation," said Shan Suhua, director of a judicial tribunal of the court.

"China has never sought a trade surplus," Huang said, noting that the current trade situation is determined by the market and ultimately by the economic structure and industrial competitiveness of the countries involved.

"But most producers don't have enough money for their R&D work. With the support of the fund, domestic suppliers can bring in more advanced technology from abroad through investments, and mergers and acquisitions," Lin added. "This will in effect help domestic companies to grow faster and produce more competitive products."

"China has been the largest automotive production and trade market for 10 consecutive years. That success couldn't be possible without breakthroughs from domestic auto component makers, among which Shengrui is one," Xin Ning, deputy head of China Automotive News said at a summit organized by Shengrui in January to discuss the latest industry trends.