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"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"Continental develops and provides pioneering technologies and services for the mobility of tomorrow. Baidu is one of the most important internet companies in China. With our strategic collaboration, we will take intelligent mobility an important step further," said Continental Chairman of the Executive Board Elmar Degenhart.

"China's goal of internet development is not to nourish a handful of companies and groom them into giants or unicorns," said Shen Yi, head of the Cyberspace Governance Research Center at Fudan University.

"China was closed for the whole 10 years of the 'cultural revolution' (1966-76) and the hospitals when we got here had nothing in terms of hardware. We saw that opportunity and I think we helped to change the way healthcare was delivered at that time. Before, the doctors had their stethoscope and their two hands to rely on. We brought the first ultrasound, the first MRI, the first patient monitors, the first electrosurgical generators, the first ultrasound scalpels. Later, the first surgical robot. So many technologies we brought for the first time really changed the tools that doctors have to do their business with," she says.

"China resolutely follows the path of peaceful development and upholds a defense policy that is defensive in nature," he said. "China's military spending is open, transparent, and grows at a moderate level."