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"Countries are racing to identify strategic technologies and develop sustainable competitive advantages in areas like artificial intelligence and robotics. With Xi's speech, blockchain technology can now be added to this list."

"China's territorial sovereignty should be the red line and absolutely nonnegotiable," Yuan said. If the US were to persist in poisoning cross-Straits relations, China would be less likely to cooperate with the US on some other issues, he added.

"Consumption is becoming one of the main pillars of China's economy," Zhang said, adding that sectors such as online retail, entertainment and manufacturers of premium consumer goods will benefit from the trend.

"China's AI education development has entered a new phase. A great number of students yearn for high-quality education," Li said. "For an education company, the key to winning the game is that it should be able to use big data and AI to truly and greatly improve students' efficiency and capability.

"Chinese companies are capable of making most aircraft components, but are less competitive due to higher costs and the design and quality can't catch up," Shanghai Securities Journal quoted an unidentified senior aircraft engineer as saying.