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"Chinese President Xi Jinping mentioned in his report at the 19th National Congress of the Communist Party of China that the country will promote integration of the internet, big data and artificial intelligence to drive the growth in economies, pointing out AI industry will become a new growth point to promote national development," Kwon said.

"Companies have been able to circumvent losses from canceled export orders due to the robust domestic demand," she said.

"China's VC and PE market is becoming more rational and we estimate that the investment firms will become more targeted in their deals rather than simply chasing volume," said Jay Chen, founder and CEO of CVInfo and managing partner of CVCapital, an emerging investment bank.

"Customers will have access to limited, special edition Constellation X products as soon as mid-July, with full ramp up by early September. The new generation of Vertu Concierge Services will start being introduced in mid-July in limited markets, with a new wide ranging portfolio of Vertu Life Style Products becoming available in Vertu Boutiques in early September," Hakan added.

"Compared with consumers in other countries, Chinese consumers are considering purchasing autonomous vehicles, especially in the premium segment. In fact, compared with consumers elsewhere, Chinese car buyers aggressively seek autonomous driving features," he added.