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"Compared to seven years ago when the cost of starting an internet-related business was record low, such cost under the age of AI is high," said Lee Kai-fu, adding that AI research should go beyond borders.

"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.

"Considering that the Chinese economy has not yet completely returned to normal, those industries and companies hard-hit by the pandemic are still facing relatively high pressure, and their ability to repay loans continues to weaken," said Belinda Zhang, PwC China financial services partner.

"Countries must seek common progress through dialogue and cooperation. It is important to advocate extensive consultation, joint contribution and shared benefits," he said.

"Conforming to this trend of the times is the choice of most countries," Ma said, adding that China currently maintains diplomatic relations with 178 countries, and this trend will further develop.