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"China has vigorously promoted the construction of digital infrastructure, including the 5G network, since the beginning of this year. This provides a broader development space for the digital transformation of enterprises," he said.

"China has unmet demand for quality medical and pharmaceutical services. This implies a huge market for US companies," he said.

"China is taking the lead in the autonomous driving sector around the world," said Li Zhenyu, corporate vice-president of Baidu and general manager of the company's intelligent driving group. He said that Baidu Apollo will continue to push forward the commercial application of autonomous driving.

"China advanced to a global ranking of 46 this year, up from 78 last year, as the country implemented the largest number of reforms in the East Asia and Pacific region," the report said.

"China has a huge market and we should explore," Zin told Xinhua.