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"Foxconn is not just a con-tract manufacturer of electronic devices, but is also engaged in the design and production of some precision elements in the supply chain sector, as well as accumulated experience and strength in intelligent manufacturing," said James Yan, research director at Counterpoint Technology Market Research.

"From rhetoric to reality, topics being discussed and debated during the WIC are increasingly extensive and profound. The event offers enterprises a glimpse of more opportunities and how global internet is facilitating high-quality development," he said.

"Giving credit and financial support to private enterprises, especially small and micro-sized enterprises, is the most important part of the supply-side structural reform in the financial sector," said Guo in an interview on Tuesday during the annual two sessions.

"Globalization exists in a political context. In the 19th century, it largely took place within European empires. In the 20th century, it took place through US-backed international institutions, and in the 21st century, it may exist within China-centered institutions such as the BRI," he said.

"For ofo and Mobike, the deals can accelerate their growth by tapping into tech heavyweights' sizable user bases. But the impact is not decisive. The battle for supremacy still hinges on their bikes' availability and quality," Zhang said.