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"China's AI industry is rising and has unlimited development potential. This partnership allows IBM to bring our cloud and AI technologies and industry expertise to Chinese industries and innovative startups," said Liming Chen, IBM Greater China Group chairman.

"Chinese President Xi Jinping mentioned in his report at the 19th National Congress of the Communist Party of China that the country will promote integration of the internet, big data and artificial intelligence to drive the growth in economies, pointing out AI industry will become a new growth point to promote national development," Kwon said.

"China's higher education has made a great leap, but it is still lagging behind in some basic research areas. There are still some breakthroughs to be made and some demands from society to be met," he said. "So we need to nurture more outstanding creative talent."

"Currently in China, a large group of people and companies still lack objective perception toward methanol vehicles. More efforts still need to be done to not only put them into use, but also be popularized," said Li Shufu, chairman of Geely.

"Chinese companies do invest in the fishing industry overseas, but everybody faces different situations, including differences in policies, regulations and cultures," Chen said. "Sinosure has given us a lot of information about investment destinations. Its insurance services have increased our credit and helped us obtain financing from banks, which in turn has helped ensure the success of our project."