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"China has aimed at science and technology innovation and added R&D investment for years, which aligns with S&T breakthroughs. However, there is no direct link between R&D investment and the increasing number of patent applications. China's great input－such as in aerospace and military industry－is hardly apparent in the patent numbers," Zhang said.

"China is now more important to the international community than ever before - I believe no international or regional issues can be solved without China's involvement," he said.

"China has one of the world's most abundant resources in application and in smart car networking, and we can do much more and much better in smart car making," He said. "We have accumulated experience, and we will invest more in research and development in this regard in the future."

"But those entrepreneurs don't like hanging out with senior citizens in a public park. Instead, they need exclusive high-end spaces to practise," he said.

"China is also one of the rare countries that has gained momentum in the new economy. Seen from an investment perspective, it is a sector that will surely get high returns in the next 10 years," said Zhang Xiangyang, chairman of the private equity subsidiary of Haitong Securities, an A-share listed brokerage.