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

"China must also adjust the previous five-category system to adapt to changes in international financial regulations and accounting standards, as well as to enhance the accuracy of asset quality classification."

"China is a country with a 5,000-year civilization, 1.4 billion hardworking and courageous people, and a vast land of 9.6 million square kilometers. China will not ever be cowered by threats, or subdued by pressure," he added.

"But working at a nearby factory is one way to crack that nut. After doing market research, I found making handmade shoes would be a win-win solution as most women here are good at knitting shoes."

"But we have our unique advantages－our dedication and focus over the past four years have given us probably the most complete set of building blocks for the era defined by intelligence, namely, SIOT and smart infrastructure, along with AI, big data, and services," he said.