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Yu Fenghui, an independent economist, said categorizing the eight Chinese companies as ones with military connections is a US tactic to intimidate China. If the US government does not change its mentality toward Chinese technology companies, it will hurt the interests of both countries, he said.

Yu noted from the long-term perspective, opportunities accompany challenges in the development of the sector. In the fight against the epidemic, internet-based technologies are being applied in various fields, and people's online consumption habits are being better cultivated.

Ying Wang and Reuters contributed to the story.

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Yue Qiaoyun (right) sells peaches planted in Beijing's Pinggu district via livestreaming earlier this month. ZHAO MING/CHINA DAILY

Yin said some private companies have encountered difficulties amid the economic downturn, mainly arising from their products, structures and operating mechanisms.

Yet another reason that African students come to China to learn medicine is the affordability.

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Yu is the former head of Baidu Inc's Institute of Deep Learning and was once in charge of Baidu's autonomous driving unit. According to him, the company’s Journey 1.0 processor is designed to help cars automatically recognize and monitor pedestrians, motor vehicles, non-motor vehicles, traffic signs, traffic lights and other types of targets in real time, and most importantly, in a lowpower consumption manner.

Young Tibetan entrepreneurs like Tsenga and Norbu are experiencing a better business environment. Take Qinghai as an example: The province has offered loan guarantees totaling 400 million yuan in 2018, supporting 1,712 entrepreneurs.

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Yu hailed the top court's clarification of the law, but said not enough orders－which are familiar to victims of domestic violence and the public－were being granted by courts nationwide.

Yim Fung, chairman and CEO of Guotai Junan International Holdings Ltd in Hong Kong, said since the collapse of the city's largest brokerage, Peregrine Investment Holdings Ltd, in early 1998, the China Securities Regulatory Commission - the mainland's securities watchdog - has encouraged financial enterprises to innovate and prompted them to "go out" by 2006. As a result, the number of mainland-owned brokerages in Hong Kong has surpassed their local and foreign peers in recent years.