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"Competition among AI companies has turned to a scramble for talent," said Liu Wanqian, CEO and founder of PlusAI, a startup specializing in autonomous driving. It boasts a road test license in California.

"Consumers in China are very demanding, and the generation gap of consumers is becoming smaller. More people are willing to pay for premium, ultra-premium and innovative dairy products," said Rahul Colaco, president of Dutch dairy producer FrieslandCampina China and chairman of the SDDDC supervisory board.

"Customers care more about the dynamic performance, appearance and cost performance of cars," Wang said.

"China's door of opening-up will not be closed and will only open even wider," Xi said at the opening ceremony of the annual Boao Forum for Asia in Hainan province in April.

"Consumer stocks, especially those representing consumption upgrades, now face clear long-term investment opportunities," said Qiu Jie, investment director at a Shenzhen-based fund manager First Seafront Fund.