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"By implementing the national Internet Plus strategy at ground level, we will continue to add more features on online platforms, and develop more functions within the app," Li said.

"By virtue of the Belt and Road Initiative, TCL has accelerated its globalization in European countries through establishing factories and cooperating with local partners to gain more market share in Europe," said Liang Zhenpeng, a consumer electronics analyst.

"But technology by itself is not enough. Projects with advanced technologies must be accompanied by viable business models, stable regulation, and smart policies to deploy the technologies," Nakao added.

"China is an important economic partner of ASEAN, and at a time when the developed economies are suffering from a sharp downturn, China is the only large source of demand that could still be growing," said Manu Bhaskaran, founding director and CEO of Centennial Asia Advisors, an economic consultancy in Singapore.

"China Southern Power Grid can leverage its VSC-HVDC technology to guarantee more stable water, wind, or solar power transmission in countries like Saudi Arabia and Laos, where there are abundant natural resources," said Han Xiaoping, chief researcher at china5e.com.