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"Eventually it will become like electricity, it will be everywhere. In every room, in every car, in every device, we will be using AI - it will be the operating system of the future."

"Fewer young adults see marriage as important for personal life satisfaction or a necessary prerequisite for having children," Jonathan Abbamonte, a research analyst at the non-profit Population Research Institute in Virginia, told China Daily in an email.

"Every time regulatory authorities relax regulations on the proportion of an insurer's investments in equity assets to its total assets, the move will bring tremendous returns to the insurance sector, especially leading insurers, and promote rapid development of capital markets," said Wang Guojun, a finance professor at the University of International Business and Economics in Beijing.

"During the peak of this craft in the mid-1980s, our company had about 130 workers and our products were exported to places like Japan. Today, we only have around 20 workers."

"Even though OEM operations helped the industry to develop, its low added-value limited further development," he said. "Capable companies in Guangdong, Fujian, Jiangsu and Zhejiang provinces already have their own brands. China's cultural elements and fast-growing digital technologies will also add more value to these brands."