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Similar dynamics are driving change in a host of industries, from auto manufacturing to property development, with the application of digital technology such as the internet of things or IoT revamping the landscape.

Shu of Qianbo Fund said, "The chip industry is in urgent need of talent and capital, and the authorities should provide financing channels and capital support for chip companies. The chip design, memory, graphic processing unit, packaging and testing, semiconductor equipment, and materials have great investment value."

Since 2007, the average compound annual growth rate of China's most cited nanoscience papers was 22 percent－three times the global rate, the report stated.

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Shenzhen in South China's Guangdong province, the pioneer city in innovation for the past 40 years, has set the goal to become a world-class sustainable innovative city by 2035.

Shu noted a group of SMEs was indeed faced with difficulties in resuming normal operations, and the smaller those companies are, the lower the chances of them starting again will be.

Shunyi district has also made good progress as a pilot area for national intellectual property and as a demonstration zone of the opening-up of Beijing's services industry.

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Shu said in a typical case handled by Weiqing, an electronics engineer from Jiangsu province sought help in February after suspecting that his wife－who had lived in the United States for six years, since their son began school there at age 11－was having an extramarital affair.

Shenzhen-listed Inspur Information said on Friday that US chip giant Intel Corp has already resumed shipments to it after a temporary stoppage, and the company's business operations currently run as normal.

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Since 1999, Bohai Capital has purchased airplanes directly from aircraft manufacturers. Earlier, it made a string of overseas acquisitions, including the purchase of aircraft leasing company Avolon Holdings and the airplane assets of GE Capital Aviation Services, in addition to buying US commercial jet leasing firm C2 Aviation Capital.

Shi says when the shop is sometimes closed, the old customers drop by to ask if everything is OK.