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"But this is a long-term play that will take perhaps a decade or longer before the appropriate infrastructure is in place and the cost-per-energy-unit is reduced to a level which is competitive with other forms of energies," he added.

"Car service consumption mainly happens offline. With the liberalization of policies and the maturity of technology, more and more internet companies are entering this field. However, as car service consumption is large-scale, combining online services with offline experiences is important," said an official from Tiantu Capital.

"But without secure chips, there is no information security and national security. Chipsets are the driving force for information revolution and they are powering a wide range of AI applications," said Deng, also an academician with the Chinese Academy of Engineering.

"China has abundance to offer in music and many other industries," said Fang, adding that the collaboration with Riot Games, the publisher of League of Legends, is just the beginning of UMPG's efforts to tap into China's esports market.

"China has the conditions and capability to fulfill the annual target set at the beginning of the year and ensure the stable and long-term growth of the economy," said a National Development and Reform Commission (NDRC) official.