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"During the past five years, China's business environment has seen continuous improvement in terms of institutional systems, simplified administration, delegated power, improved regulation and law enforcement, government services and satisfaction among enterprises, which has effectively promoted the sustainable and healthy development of the economy and society," Lin said.

"ESG could actually bring financial benefits to investors. According to an empirical research, in China's A-share market, stocks with higher ESG scores have outperformed those with lower ESG scores in terms of return rate by more than 10 percentage points in the past two years. It is also the case after the COVID-19 pandemic," Wang added.

"Even getting a toilet for the factory had to be approved by the government," said Liang. "Also, the factories rarely considered the market environment."

"Education is the foundation to ensure the sustained development and enthusiasm of AI-powered industries. The SenseTime education subsidiary reflects not only our passion for teaching and educating people, but also our determination to promote AI education," said Liu Gang, president of the emerging innovative business group at SenseTime.

"Even though the West likes to think China is not innovative, they are innovative in a different way, much more market-driven, more application-driven," Walker said.