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"Foreign investors, just like foreign players in Chinese football clubs, will not only bring advanced skills and management expertise to China but also will help the country's domestic players to improve their ability in the end," said Li, a member of the 13th National Committee of the Chinese People's Political Consultative Conference.

"Given the complementary strengths and resources of China Southern Airlines and Qatar Airways, there are opportunities for us to work together and build a long-term relationship in ways that would bring benefits to customers of both airlines," said Akbar Al Baker, chief executive of Qatar Airways.

"GAC's new energy cars have been able to compete with those produced by big brands from Japan and South Korea, both in terms of quality and technology," he said.

"For decades, we have been overreliant on the finance and real estate industries," Lau said. "With the Bay Area initiative, we can now explore new opportunities in the innovation sector."

"For the purpose of better city management, there's plenty of space for different companies to leverage and deploy their AI capabilities. Every player is just taking a tiny slice of the pie," he told China Daily on Friday.