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"China is taking the lead in the electric vehicle market as there is a real government push to clear the air," said Bill Ford, executive chairman of Ford Motor Company, at the 2017 Fortune Global Forum this month.

"But volume is not the most important thing for us. It is the brand, and also, the profitability of the dealers, of our investors."

"By leveraging the large passenger flows of the new airport and the impact of Universal Studios in Beijing, Quanjude is making some positive and effective attempts by exploring its future growth path, and it would be beneficial for the time-honored brand to rebuild its image," he said.

"China is a world leader in Internet of Things equipment. Constructing a smart city like this would require a lot of such supplies that they can provide." The Internet of Things is the data exchange network that links different appliances, devices and systems infrastructure.

"China is making rapid progress in pushing forward the new board, which features the registration system, thanks to the sufficient preparation gradually done before," said Li Ye, an analyst with Shenzhen-based Great Wall Securities.