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"But there is no need to be overanxious about the risks as China has a deposit insurance scheme. By taking measures, such as appointing another bank to temporarily manage the bank which undergoes the mergers and acquisitions process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"China is a resource-rich country, but the ore grade is relatively low and some resources are not easily accessible."

"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.

"Byton's idea of marrying the automotive industry with digital technology is well in line with the development direction of technology as represented by Silicon Valley," said CEO Carsten Breitfeld.

"China and Russia have entered an important period for their national development and rejuvenation. With highly compatible development programs, regional cooperation is very promising," Chinese Vice Minister of Commerce Gao Yan said.