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"By using its full digital traceability system and digital tools such as smart sensors, visual inspection and auto monitoring system to improve quality control, Danfoss CC Tianjin factory has improved labor productivity by 30 percent and reduced customer complaints by 57 percent within two years," the WEF announcement stated.

"By doing so, we aim not only to enhance their understanding of and trust in the government, but also to nurture future talent and leaders in society and politics," she added.

"China is an important link in the global industry and supply chains and the world's second-largest economy. Its rebound will help enhance global economic recovery," said Liang from Hainan University.

"By then, technologies about lithium batteries and fuel cells will become mature and the prices of new energy resources and renewable resources will see their turning point, as will new energy vehicles," said Ouyang.

"China has a huge market and we should explore," Zin told Xinhua.