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"CRHIC has developed its tunnel-boring machine technologies independently," Yu said. "It means the end of an era that saw the monopoly of foreign manufacturers."

"By building a smarter service chain, Xiaozhu will seek to provide shared home users with a safer, more reliable and convenient living environment globally," said Chen.

"Candidates with five years of experience can hardly be found in the domestic job market. Therefore, companies are looking for such talents in the United States, Japan, India and Israel where AI development started relatively earlier," he said. Over time, companies have also been able to screen the right talents, who are able to carry out academic researches independently and put their research results into real practice, he added.

"China is the No 1 growth market in the world, and they have been clear about their intended leadership in bringing hybrid and electric vehicles to market," said Don Walker, Magna CEO.

"China is a country vast in size and with diversified demands, still industrializing and urbanizing. There are a lot of resources and capacities that could be put to better uses," Li said.