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China is expected to be among the biggest beneficiaries of AI with the industry projected to contribute a 26 percent boost to its GDP by 2030, according to a report from consultancy firm PricewaterhouseCoopers.

China has recently sent two coast guard ships to enforce fisheries law on the high seas of the North Pacific Ocean. [Photo/Official WeChat account of China Coast Guard]

China is the most voracious meat eater in the world, accounting for a third of the global consumption of meat. Beyond Meat and its ilk see big opportunities in convincing Chinese omnivores to ditch, or at the very least cut down on, animal flesh and embrace plant-based alternatives. The competition is intensifying as homegrown startups join the fray with hyper-realistic fake meat offerings and foreign players jump through hoops to get a foothold in the country.

China is giving foreign investors more choices when they come to invest in the country, which has the strongest manufacturing sector as the world's second-largest economy, said Mei Xinyu, a researcher at the Ministry of Commerce's International Trade and Economic Cooperation Institute.

China implemented a number of medical reforms last year, including the introduction of a zero-tariff policy on imported anti-cancer medicines in April, and a 1 percentage point reduction in the VAT rate for the pharmaceutical sector in May.