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He of Sany said, "Most Chinese manufacturers are still at industry 2.0 phase, in terms of technology. The ones who are working on industry 4.0 need to lead and guide the small ones to upgrade."

He noted that some international companies may be banking on continued favorable pricing of sterling-denominated assets, following a drop in the value of the pound following the referendum.

He has simplified the tax code and made doing business easier.

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He cited the rapid recovery from the coronavirus pandemic by Asian supply chains, many of which are centered on China.

He called on all sides to take joint actions to strengthen structural reform, increase regional infrastructure investment and connectivity, firmly protect multilateral trade system, and continue to improve regional financial safety nets to effectively prevent financial risk.

He expects that by 2020 the mileage of electric cars to reach 600 km on one charge and that their costs will come close to conventional cars.

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He noted that Chinese companies in Kenya have hired more than 42,000 local employees.

He first went to Shenzhen 30 years ago and has since observed its transformation from a small rural town into a high-tech manufacturing hub bristling with technology-driven startups. Nair says the public health sector will be among the first to benefit from Shenzhen pairing up with Asia's financial hub.

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He believes SkyCargo's network spread, frequent flights from China and state-of-the-art hub facilities as well as Dubai's strategic location, will contribute significantly to Cainiao's operations in the Middle East and beyond.

He cautioned that his remarks shouldn’t be taken to imply that Microsoft will make every device. The company, he said, will continue to work with hardware partners.