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"China looms very large in the scheme of things for everything that goes on in the world. If you don't have a relationship with China, there is not much of an ability to do anything," Pardy said in the letter.

"China not only has a competitive edge in the production of light industrial goods or textiles but also is almost on a par with the developed economies in terms of manufacturing of high-tech products and major equipment," said Wei Jigang, a researcher with the Development Research Center of the State Council, China's Cabinet.

"But most importantly, enterprises should improve their capability of protecting their own IPR," he added.

"Cambricon's IP is quite good, but it is not enough to meet our needs to have chips that can support all AI application scenarios. We want to have an architecture that can deliver both extremely big computing capacity and extremely low-power consumption," Xu said.

"China and India are complementary in the field of pharmaceuticals. The resource grafting of Chinese and Indian pharmaceutical companies represented by Fosun Pharma and Gland Pharma will help promote the internationalization of Chinese pharmaceutical companies in R&D innovation and generic drug export," Chen Qiyu, co-president of Fosun Group and chairman of Fosun Pharmaceutical, said in the announcement.