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"China is the only country in the world that has all 41 major industrial categories, 207 medium industrial categories and 666 industrial subcategories, according to the industrial classifications of the United Nations," he said.

"By combining various units, the smart laboratory concept allows various functions to be performed and tailor-made, which can be offered to clients across diversified industries. Currently, we are cooperating with enterprises in the pharmaceutical, traditional Chinese medicine, food, chemistry and related industries, as well as government regulatory institutions, such as the State Administration for Market Regulation," said Wong, CEO of Nikyang.

"By opening up the market, China is giving Volkswagen new business opportunities," said Volkswagen Group China CEO Stephan Woellenstein, referring to China's decision in 2018 to gradually lift the equity cap in the auto industry.

"China is the largest market for a string of consumer electronics, but the sales of its PC market is just two thirds of that of the United States, signifying that there is still a big potential for growth in the country," Yang said.

"China is leading early adoption in 5G and has already built more than 160,000 5G base stations covering more than 50 cities as operators aim to expand standalone 5G network coverage and capacity," said Sihan Bo Chen, Head of Greater China, GSMA.