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"For example, in the planning of Xiongan New Area, in the past we could only analyze the climate and the geographic features," she said. "But now we can be specific to the actual demands of the citizens and companies, and make detailed plans for every inch of land."

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In the face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit and bankruptcy filing," Li said.

"For example, you buy a 10,000 yuan bag, use it for one year and then sell it as second-hand for 7,000 yuan. You can see the 3,000 yuan as the rental fee for the year."

"Fosun hopes to assist Aubo become a unicorn (a startup with a valuation of billion or above). The investment in outstanding innovative enterprises will bring Fosun high returns," said Tang Bin, senior vice-president of Fosun Group.

"Future technologies, including 5G, the internet of things and AI (artificial intelligence) will drive society into the era of the internet of everything," Li, vice-president of China Mobile, said.