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As robotics becomes increasingly intertwined with artificial intelligence, big data and other technologies, the 2018 World Robot Conference, which will be held in Beijing from Aug 15 to 19, will feature a slew of competitions such as a brain control technology contest to find promising robotics research and development teams.

As the concept evolves from jargon to practice, China's tech giants are busy throwing their hats into the ring. First, it was Alibaba Group Holding Ltd that pitched its tent. It has clinched a flurry of stake-controlling deals, from InTime Retail to RT-Mart, or built its own retail prototypes like the Hema Fresh Market in order to take on existing physical stores.

As tours to Xinjiang Uygur autonomous region have become increasingly popular among tourists from home and abroad, local authorities have announced a plan recently to launch as many as 100 special trains for tourists from May to October.

As the money flowed in, many companies have prioritized customer acquisition over profitability by offering deep discounts or free small-ticket deliveries. This has resulted in exponential expansion of the market with an annual growth rate of over 40 percent, said Eric Hor, associate partner of global consultancy Prophet.

As well as the low price of electricity, increasing disposable income in countries such as China and India means they are predicted to be the growth markets for air conditioning systems, and, these are also the areas of the world most likely to be affected by global warming.