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"China has the potential to become a world leader in three areas supporting the development of artificial intelligence－data, computing capability and algorithms. Besides, as the market size for internet and information security is expected to see a 10-fold increase, many Chinese practitioners in these areas will take this opportunity to start their own business," he said.

"China has made significant progress in financial inclusion," said the IMF in a report, after it assessed the country's financial sector performance during the past five years. "High levels of account penetration, savings, and usage of payments services have been achieved."

"China has accumulated over 30 industrial internet platforms with certain size and commercialized ability. Moreover, more than 630 companies and institutes in fields including manufacturing, automation and internet have joined in the alliance of the industrial internet," he noted.

"China has the world's largest application market for industrial manufacturing. We are confident and optimistic about the great potential of our cooperation with Chinese partners," said Alex Liu, founder of RMDS Lab and chief data scientist of IBM.

"China is the biggest market, and I'm excited for the snow sports industry", Stefes added.