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"By upgrading the industry through technology, we are effectively improving the quality of the product," said Zhao Zhenrui, director of the information and automation department at Tangsteel.

"China is taking the lead in the area of internet economy where there is huge room for cooperation," said David Liao, president and CEO of HSBC China, at a recent forum held by the multinational banking and financial services institution in Beijing on the China-ASEAN economic corridor.

"China didn't become the world's factory overnight. It was 30 or 40 years in the making, and there are reasons why multinationals have put their supply chains in China. It is not because they necessarily love China－they are there for sound commercial and economic rationalities. None of these have changed."

"But only when the platforms rule out the unqualified hitch drivers will the passenger be truly safe."

"China and the US, the two major countries, bear special duties in this regard," he said.