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As Chinese healthcare reform continuously deepens and the business environment continues to improve, the Chinese government has introduced a series of measures to encourage innovation, improve quality and efficiency and strengthen the protection of intellectual property, which have created opportunities for all pharmaceutical companies and have boosted their confidence in investing in China, according to Zhou.

Arguments for the so-called China "debt trap" by some critics are without foundation, Australian researchers have concluded, questioning the objectivity of such narratives against Beijing.

As China continues its supply-side structural reform, consumption has been playing an increasingly important role in the economy, contributing 76.2 percent of GDP growth in 2018.

As Chinese companies diversify their assets, he also expects the increasing outward direct investments into the region.

Apple's interest in next-generation lidar sensors comes as it has sharply increased its road testing while bringing on key hires from Tesla Inc and Alphabet Inc's Google.