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"China's AI industry is booming," Zhang said. "There are always arguments that there will be companies that will not survive. Maybe, 90 percent will go to the wall."

"Chinese tourists are now the top two in terms of foreign tourist arrivals in Mindanao." And he said their numbers are expected to increase with the opening of these direct connections to key cities in Mindanao, in addition to existing flights of Philippine carrier Cebu Pacific.

"China welcomes more countries to participate in the development of the nation's intelligent connected vehicles, including technology, manufacturing, talent and safety supervision," Miao Wei, minister of industry and information technology, said at the World Intelligent Connected Vehicles Conference.

"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"Currently wind power and photovoltaic power generation cost a lot less compared to the past, due to technology innovation and a price drop in power generation equipment. There is little need for them to receive government subsidies to keep businesses running," Han said.