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"Customers and end-users are expecting new things in a much faster pace than before, prompting companies to come up with new products in a pace that…could never be done by traditional manufacturing," Agam said in an interview in Shanghai.

"China's role in VR development has been on the rise－95 percent of the world's VR equipment is produced in China, and much VR content in app stores now comes from Chinese developers," said Graylin. HTC currently accounts for 35.7 percent of the global VR headset market and about 52 percent of the market in China.

"Chinese immigrants opened restaurants to make a living, especially when the Chinese had very limited employment opportunities because of racial prejudice," Yong Chen, a professor of history at the University of California, Irvine said.

"Corruption at people's doorsteps will seriously undermine their sense of gain and happiness, and needs to be tackled with greater efforts. More measures should be carried out to combat corruption and problems with the work style of officials in the field of poverty alleviation."

"China still lags behind developed economies in the high-tech sector, so encouraging foreign investment is of strategic significance to catch up with globally advanced technology, as well as promote the development of cutting-edge technology in the manufacturing industry," Wang added.