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"Capacity is the foundation of output growth. As most of the advanced steel capacity built in the past years has already come into use, there will be little new capacity coming into operation in the future, which means less steel output," Chen said.

"CRRC will continue to invest in suitable countries to deepen production capacity cooperation as we have already built manufacturing facilities in countries such as the United States, Australia, South Africa, India and Turkey," he said.

"China has taken the lead in AI and big data sector, in which China has ranked No 1 in investment, far more than America and Europe," said Guo Yike, a professor from Imperial College London and founding director of the college's data science institute.

"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that globally 69 percent of adults, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"But thanks to the country's digital transformation, the market is becoming a more promising one for us," he said.