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"Combining AI and industry is full of opportunities, and it is particularly so for China as it is uncharted territory in which the chances are dependent on one's own exploration and research," said Guan Ruifeng, deputy general manager of Baidu Cloud.

"Competition is one of the best mechanisms to promote innovation, and help maintain the vitality of every company." he said.

"China's internet insurance industry is still nascent," said Tuo Guozhuo, professor of the Insurance Department of Capital University of Economics and Business.

"China should therefore step up transforming of its armed forces into a world-class military that is ready to fight and win wars as the country will never compromise on defending sovereignty," Wang said.

"China's economy is shifting from the phase of rapid growth to a stage of high quality development. It is acceptable to see the growth surge or dip slightly, as long as we see the increase in residents' incomes, the improvement of the ecological environment and high-quality development," Yuan added.