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"For Silicon Valley, it is top high-tech and advanced engineering; for Munich, it is supreme design; and for China, it is automotive and industrial manufacturing, engineering, sales and marketing in additional to high-tech," she said.

"Generally speaking, this year PICC's focus is to foster strengths and avoid weakness," said Miao Jianmin, chairman of PICC group. "We will maximize the advantages of our brand images, teams and market share, while accelerating market-oriented reform and embracing cutting-edge technologies to overcome our shortcomings."

"For such reasons, our AI product is very likely to be launched in China first, although in the past new medicines or healthcare products often got approved and launched in the US first."

"Guangzhou is fast becoming a global leader in science and technology innovation," said Alan Murray, president of Fortune and chief content officer of the United States-based group Time Inc.

"Given the tough situation today, we need remind ourselves that never say never. Looking back at how the US-China relationship has grown, individual effort can't be underestimated. Public diplomacy, like ping-pong diplomacy, could play a great role when first-tier diplomacy is in jeopardy," Hong said.