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"China is the leader in AI and smart technology. It is now a focus of the Chinese government for high-tech development and education," said Taylor.

"China is working to give full play to its domestic market, the largest in the world, and building a new model of development in which domestic economic networks play the primary role, and domestic and international economic networks complement each other. China will stay committed to further reform and opening up and will make new contributions to stabilize the world economy and advance globalization," he said.

"China continues to focus on developing and improving its (financial) market infrastructure and the stock connect is a great example. If markets pull back in the short-term (amid trade frictions), investors should pounce to take advantage of the excellent entry point," Dehn said.

"By 2020, 50 percent of users from education sector and large enterprises will consider using VR/AR products, large screen whiteboard, tablet and smart wristband to improve working efficiency. The work, which includes space, culture and employees, supported by various smart devices and technologies will be mainstream in the future," Antonio Wang, associate vice president of IDC China said.

"By accumulating massive troves of data, the analysis is expected to become even more reliable...and this would in turn assist younger doctors," said Chen.