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As the reform efforts attract more overseas-listed Chinese tech firms to go public in the mainland, domestic investors will welcome more high-quality investment targets, said Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology.

As the world's largest 5G and smartphone market, China has already made constant progress in telecommunication and electronics industries. A string of US tech companies, including Qualcomm and Apple, heavily rely on China market for revenue and supply chains.

As veterans of Amazon and Microsoft, the co-founders of Seattle startup Roxy saw exactly what voice assistants like Amazon’s Alexa and Microsoft’s Cortana can do, and what they still can’t.

As the middle-income group grows and people seek better job opportunities and medical facilities, the long-term population growth of higher-tiered cities will likely continue. Companies are responding by turning their attention to cities like Shenzhen, Nanjing, and Hangzhou. Despite the COVID-19 pandemic, new project launches in these cities were recently sold out in half a day.

As the purchasing power of the tech-savvy younger generation grows, a whole new business has emerged surrounding intellectual property rights related to online literature, TV dramas, films, digital games and comics. And that business is gaining momentum all across China.