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"During the process, AI, together with other core areas of new infrastructure such as 5G, big data and the industrial internet, will integrate much more closely with each other. This will take the digitalization of the nation's traditional industries to a new level," he said.

"Debt ratio can reach 70 to 80 percent in some listed property companies, and REITs can help maintain their cash flow by paying investors bonus with a continuous income from rental."

"Efforts should also be made to promote investment by private equity and venture capital firms in the development of low-cost clean energy, which will eventually lead to a substantial transition in the energy sector by significantly reducing the cost of green energy through technological innovation," he said.

"Favorable policies, funds and inclusiveness in better global practices will lead to the success of vocational education reform in China," Fallon said.

"Educators are equally important," he said.