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"Computer vision technologies are being increasingly used in the security and surveillance sector. And its use in smart retail, such as face-recognition-enabled payments, is also very fast. China excels in applying cutting-edge technologies to daily consumption scenarios," Song added.

"China welcomes more countries to participate in the development of the nation's intelligent connected vehicles, including technology, manufacturing, talent and safety supervision," Miao Wei, minister of industry and information technology, said at the World Intelligent Connected Vehicles Conference.

"Currently, our experiments are mostly for government use, but we truly expect our open AI platform to enter more areas and help citizens live, work and entertain better," said Hua.

"China's rapid growth has spurred the consumption upgrade, with customers requiring constantly innovative solutions for the future," said Stephen Shafer, president of 3M Greater China. "As we embark on a journey towards success, design plays an instrumental role in helping to fulfill our competitive advantage."

"Companies have no choice but to scale down businesses and hold back certain expansion plans to survive," Cao said.