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"China is the second largest market in the world in insurance. It's growing fast so it will become the first market of the world at some stage. We believe that there are a lot of services and products to be designed for Chinese customers and this is our ambition," Veyry said.

"China is now the second-largest market for our mixed reality goggles HoloLens, just after the United States. As local companies scramble to embrace it, the country will soon become the largest in one or two years," Crozier said.

"By reinforcing their moats, industry leaders will become even stronger, and the sector will present a higher competition threshold, and the market centralization will become more obvious," said Neil Wang, president of Frost & Sullivan China.

"China is a great power and deserves a major say in world government, including some changing roles by mutual consent," Lord said.

"But now we're letting the internet play a key role, and this new mode requires a lot of experimentation by us."