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"But they have to elevate their product quality to meet future challenges. There won't be a clear distinction between customers' expectations for Chinese and foreign volume brands."

"China is betting big on the industrial IoT to increase productivity and drive efficiencies by streamlining and automating manufacturing processes via internet connectivity. Backed by positive government support, China is set to become the world's leader," said Alex Sinclair, chief technology officer of the Global System for Mobile Communications Association.

"China has made positive progress in strengthening its financial regulatory system and resolving financial risks since the Party's 19th National Congress in October under the leadership of the CPC Central Committee, with Xi Jinping, general secretary of the committee, at the core," he told a special consultative meeting of the Chinese People's Political Consultative Conference, the country's top political advisory body.

"China is a land of incredible natural extremes, with deserts, ice, vast mountains, sweeping rivers and even a tropical island," said Xue Ling, director of CNTO London. "These channels will provide a vital link between CNTO London and the wider online travel and tourism community."

"China has huge potential in the area since the bioethanol consumption only takes up 2 percent of the total mix in the transportation sector while the figure in the US is 10 and in Brazil it's 30," said Nielsen.