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"Chips and software are closely bounded. That is particularly true in AI, as chips powering an application must be specifically designed. China's booming software market and large user base will allow homegrown companies to update chip design quickly based on user experience," said Roger Sheng, research director at consultancy Gartner Inc.

"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."

"Construction in our Alabama plant is well underway. Overall investment in our Tuscaloosa plant will create up to 600 jobs in the area. In addition, we have already invested billion in this location since 1995," Seeger said.

"China's mobile payment is leading the world in both market size and user numbers and Chinese mobile payment companies have stepped up efforts to expand their presence in overseas markets,"Wang said.

"Consumer discretionary, consumer staples and healthcare are likely to benefit more from foreign inflows, as we find that foreign investors have persistently favored these sectors in their positioning," said Gao Ting, head of China Strategy at UBS Securities.