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"Chinese firms have become more and more confident in the international arena. They have kept improving themselves while creating more opportunities for the world," said Xu.

"China's bike-sharing bubble has been burst, and we'll see a wave of reshuffling and consolidations in the industry that took the nation by storm during the past two years," Wang noted.

"Competition between countries is intensifying in strategic emerging industries such as semiconductors, telecommunications and supercomputers. Whoever seizes the market opportunity will have the first-mover advantage and gain large-scale profits," said Guo from the CASTD.

"Cooperation under the framework of the Belt and Road Initiative may start with California," Zhang said.

"Continental is committed to providing mobility solutions and services to people and goods, and we see China as the market primed for services.