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"China Baowu Steel Group and Magang (Group) Holding Co Ltd have already developed smart systems," Zhao says. "Magang invested 14 million yuan (.2 million; 1.8 million euros; ￡1.6 million) in robotic equipment last year," says Zhao.

"Changes in any single country will only have a minor influence on Huawei's global business," he said.

"China is fast becoming a global hub for innovation, particularly in the field of AI," said Zhu Wei, senior managing director and chairman of Accenture China, while noting Chinese companies have demonstrated great determination to digitize their organizations amid the current complex business environment.

"China looks forward to more communication, coordination and interaction among the various free trade initiatives in the Asia-Pacific region, so that each can play its own and constructive role for less trade protectionism and a more open global economy," he said.

"But we can obviously see that trade cooperation yielded more fruit for ASEAN countries than China, as ASEAN exports various kinds of agricultural and tourism products to China while it imports only a few," he said.