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Anand Rao, an AI consultant at PwC, said initially North America would have faster productivity gains from AI than China because of its mature infrastructure. "But China will begin to pull ahead of the US in AI in 10 years after it catches up on both relevant technologies and expertise," Rao said.

Analysts say the IPOs will help the three startups, Nio, Li Auto and Xpeng, to get a better foothold as competition in the Chinese market is heats up.

And UK-based wind turbine platform and foundation designer Atkins is building infrastructure for the 300-megawatt Binhai South offshore wind farm in the same region. Building turbine foundations in the ocean off China's East Coast is a highly technical endeavor because the seabed is made up of soft, silty materials.

Analysts are alluding to former prime minister Mahathir Mohamad's move to call for a no-confidence vote against Prime Minister Muhyiddin Yassin.

Andrew Cheung Kui-nung (left), the chief justice-designate of the Court of Final Appeal of Hong Kong, walks with incumbent Chief Justice Geoffrey Ma Tao-li on March 24, 2020 outside the CFA building. [PHOTO PROVIDED TO CHINA DAILY]