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"Chinese consumers also favor more high-end baijiu given upgrades in consumption, which has helped increased companies' profits," the report added.

"China's opening-up has entered a new stage, for which the Yangtze River Delta region should play a key role," he said.

"Currently, China ranks in second place globally in terms of the number of international scientific papers published and patents granted for inventions. China has also made breakthroughs and even been at the forefront in some key fields, such as voice recognition and visual recognition technologies."

"Chinese companies already have a high chance of securing contracts for infrastructure and industrial projects, as they enjoy the support of financial institutions such as the Asian Infrastructure Investment Bank and the Silk Road Fund, as well as governmental agreements. They should boost their chances even further by relying on experienced legal brains," he said.

"Conventional carmakers have technology strengths in some perspectives, but won't strive to push as hard as the new comers," Shen said.