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"Digital twins technology helps people understand how physical machines operate, and how these integrate themselves into industrial processes," Robmann said.

"Does it mean that there was no demand in tier-three cities? Of course not. It was because we carmakers did not meet their demand in a better way. I think there is growth potential, huge potential," said Ye, at the annual China Automotive Bluebook Forum organized by the Auto Business Review magazine.

"Demand for modern, quality rental housing among young professionals and new graduates in China is growing rapidly, and through this collaboration, we are pleased to have the opportunity to participate in this fast-growing sector of Chinese real estate and to further diversify our investments in the market," said Jimmy Phua, managing director and head of real estate investments Asia at CPPIB.

"Ericsson has participated in China's construction of 1G all the way to 4G networks. We aim to be an important part of the nation's 5G innovation system. We are willing to bring our global deployment experience and know-how in cooperating with vertical industries in the market," Zhao said.

"During the past decade, the number of AI employees at the institute has grown at a high rate," said Gao, 34, who is now vice-president of iFlytek's AI research institute.