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"Chinese President Xi Jinping mentioned in his report at the 19th National Congress of the Communist Party of China that the country will promote integration of the internet, big data and artificial intelligence to drive the growth in economies, pointing out AI industry will become a new growth point to promote national development," Kwon said.

"Culture-oriented travels are expected to become a new growth point in the next decade. We would like to revitalize the rich and longstanding historical and cultural heritage in China through niche travel products. China has top tourism resources, and we will keep developing and exploring more routes in western China, and attract more foreign travelers to visit those scenic spots."

"China's economic might gives its government the leverage it needs to strike back decisively, including scaling back purchases of American products and subjecting well-known US companies with large Chinese operations to tax or antitrust probes," Bloomberg said.

"Compared to the demands of application scenarios for AI algorithms, the supply is less than 1 percent," Yin said. That is especially the case when it comes to facial recognition technology's application industries such as transportation and finance, which have stringent demands for precision, security and safety.

"Chinese brandy producers like Changyu have been making achievements on innovating efficient ways to create quality products. To promote the overall brandy industry in the domestic market, Chinese producers need to communicate and learn from their foreign counterparts," said Xu Yan, deputy head of Jiangnan University.