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Jochen Goller, president and CEO of BMW Group Region China. [Photo provided to chinadaily.com.cn]

Jones also reiterated the importance of addressing the challenges of the rapid rate of credit growth in China. "We think these challenges are very manageable. But there is urgent need for action to ensure they remain manageable by reducing the vulnerabilities associated with rapid credit growth," he said.

Just a few years ago, Wangqingtuo's cycle factories were booming as streams of orders flooded in from the rapidly growing bike-sharing sector.

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Jules Kortenhorst, CEO of Rocky Mountain Institute, an independent think tank headquartered in US aiming to transform global energy use to create a clean, prosperous and secure low-carbon future, also spoke highly of the leadership role China has played in scaling up decarbonization technology.

Jointly founded by China CITIC Bank Corp Ltd and Chinese internet search giant Baidu Inc with registered capital of 2 billion yuan (0 million), CITIC aiBank Corp Ltd will mainly target individuals as well as micro and small companies. China CITIC Bank, a national joint-stock commercial lender, will hold 70 percent of its shares, and Fujian Baidu Bo Rui Netcom Science and Technology Co Ltd will hold the remaining 30 percent.

Jill Soloway, creator of Amazon’s hit show “Transparent,” gives a keynote speech at SXSW in Austin, Texas. (GeekWire photo)

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Just 20 seconds of data from the anticipation phase provided by the sensors and the algorithm was enough to make a decision compared with the traditional video-coding method that could take several months.

Just imagine what could have been?

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Johann Hiebl, head of Body & Security and Infotainment & Connectivity at Continental, said the facility will enable the company to better coordinate its efforts toward the intelligent connected vehicles in the Chinese market.

John Zeng, managing director of LMC Automotive Shanghai, said the capital markets are interested in the sector, so going public would help Beijing Electric to raise funds for its future development. This would help offset the effect if some of Beijing Electric's popular models, like the EV 150, are not being covered in a subsidy plan the authorities are considering. Zeng said he expects more players to turn to the capital markets when the competition gets more heated.