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"Currently, we sell about 450,000 smartphones in China every day," Ren said during an interview in late March. "Starting from April, monthly sales are expected to reach 20 million units."

"Currently, the robot can inspect farms automatically and collect data samples used to power various applications. It can determine plants' health condition and decide if pest control measures are warranted," said Chen Li, deputy director of marketing at Newland.

"Current indicators suggest China is especially suited for widespread adoption of autonomous vehicles," said Ting Wu, partner in McKinsey's Shanghai office and co-author of the report.

"Chinese companies also should be aware that some countries already have trade protectionist measures to help their own companies, which may pose problems for machinery exports from China this year," said Zhao.

"Companies need to upgrade marketing strategies by adopting data technologies to understand consumer preferences, expand brand influence among acquaintances and create more valuable content," he said.