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"GM has chosen to work with our providers to keep all benefits fully in place for striking hourly employees so they have no disruption to their medical care, including vision, prescription and dental coverage," Scott Sandefur, vice-president of labor relations for GM North America, said in a letter to UAW Vice-President Terry Dittes.

"Good-selling brands have good bargains from suppliers, and some are raising the prices of their cars a little bit, but the customers still love them," Wu said.

"For instance, existing information transmitting technology is not able to meet some requirements of smart cities," said Guo, adding, "outdated laws and regulations concerning access and use of government and citizens' information may also pose obstacles in the future."

"For both users and providers of products and services in sharing economy, there are problems of risk, which can be solved reasonably through insurance mechanisms," said Yuan Yong, a consultant with Aon-COFCO Insurance Brokers Co Ltd, a joint venture between Aon Corp and COFCO Corp.

"Fifty years ago, at a small boarding school, south of London, a wise teacher told me that in my lifetime, we will see Zhongguo (China) resume its rightful place in the world. That has happened, is happening, and will continue to happen," he added.