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"Carmakers and IT companies are pushing back the frontiers of their business, moving in the direction to become comprehensive service providers," China Business News quoted independent analyst Zhang Zhiyong as saying.

"China is betting big on the industrial IoT to increase productivity and drive efficiencies by streamlining and automating manufacturing processes via internet connectivity. Backed by positive government support, China is set to become the world's leader," said Alex Sinclair, chief technology officer of the Global System for Mobile Communications Association.

"China is deeply concerned about the current situation and opposes any unilateral action that complicates the situation," he said. "We call upon the relevant parties to exercise restraint, act prudently, and in particular, not take actions that will aggravate tensions."

"China is Africa's biggest trading partner, and its private sector has managed to penetrate our markets," says Stephen Karingi, the director of the capacity development division at the United Nations Economic Commission for Africa. "It is therefore possible to examine their success and strategies to enable us to design our national strategies."

"China is now a fascinating place for foreign investors. I've seen China become much more open toward foreign direct investment," said Khaldoon Khalifa Al Mubarak, group CEO and managing director of the Mubadala Investment Company.