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"Compared to the demands of application scenarios for AI algorithms, the supply is less than 1 percent," Yin said. That is especially the case when it comes to facial recognition technology's application industries such as transportation and finance, which have stringent demands for precision, security and safety.

"Companies need to focus on the younger generation's preferences and develop more affordable and environmentally friendly products, as well as making products more convenient for consumers to recycle," she said.

"Currently, there is a lot of talk about artificial intelligence and a fourth industrial revolution and people have started to worry. Many are worried that artificial intelligence will replace people. Trust me, human beings are always smarter and wiser than machines and they will never be replaced," Ma said.

"Continuous reform and opening-up made us what we are today and will continue to shape our future," Zhao added.

"China's fundamental State policy of opening-up has not changed and will not change," Geng said, adding that foreign media outlets and journalists who cover stories in accordance with laws and regulations are always welcome in China and will get continued assistance from Beijing.