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"Chinese car-hailing service providers are going to dominate about 80 percent of the world's market share in the near future," according to an industrial insider who declined to be named.

"Consumer spending has rebounded in recent months, but increasing concerns among consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead," said Lynn Franco, senior director of economic indicators with the board.

"Chinese enterprises are looking at the technologies available－whether it's artificial intelligence, big data or the like－to actually come up with whole-new business models and whole-new approaches to doing things, not just improving the old processes."

"Climbing robots are a niche market, but key to the green energy strategy. Maybe, we (X-Lab) can grow into the sector's No1 and China's ABB," said Shao.

"Considering the European market tends to be conservative and stable, the end of the EU's restrictions won't affect demand immediately but the demand in the European market is likely to be higher than the originally anticipated figure due to price cuts starting from next year," he said.