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"Factors leading to the increase in M&A activity include the search of Chinese companies for overseas growth and intellectual property rights," said Feng Lin, founder and chief executive officer of DealGlobe. "And their easy access to financing."

"Driven by model enterprises, AI's role can be amplified in industrial clusters across the province," said Li.

"Eastern Africa and, in particular, Ethiopia, is following China's example of manufacture-for-export to a far greater degree than the rest of the African continent. It helps that eastern Africa is Africa's best-positioned geographic region, looking across the Indian Ocean at a fast-growing Asia," he says.

"Deepening opening-up of the financial sector can help, as such efficiency will improve with increased competition and diversified supply of financial resources," Liu added.

"Design is an important part of the innovation and creation of the textile industry, which determines the quality, value and competitiveness of products," said Cao Xuejun, deputy director of the consumer products industry department of the Ministry of Industry and Information Technology.