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"But more robust governance and new operating models will be needed to realize AI's full potential and underpin all the opportunities it brings," said Jim Woods, an consultant for global risk assurance at PwC.

"By applying the technology, the yield of rice can reach 59.53 kilograms per hectare, while the average yield of rice in China is about 26.67 kg per hectare," Chen said.

"China is incredibly important and becoming increasingly more important every day (for us). Our Chinese business is very Chinese, as it is led and run by Chinese people, and populated by Chinese people," said Abbosh, adding he is bullish on the prospects of the company's business in China.

"By threatening to impose a 10 percent tariff on an additional 0 billion of imports from China, the US President Trump has upped the ante on the trade conflict between the two," Oxford Economics said in a research briefing.

"By 2030, the number of new energy vehicles in China is expected to reach 64.2 million," said Sun Huifeng, president of CCID Consulting. In the next 10 years, 63 million charging piles need to be constructed, which can translate into a market value of 1.03 trillion yuan (6.7 billion), Sun said.