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"Forefront technology is now assisting human beings with some easy work and will have a far bigger impact in the future. We hope that more economies and groups can be involved to share this huge benefit," he said during a parallel session at the second China International Import Expo, which kicked off on Tuesday in Shanghai.

"For any kind of scientific research, we should always strive to improve," Yang said. "I take scientific research as my happiness in life."

"Future smart vehicles must be fully electric. There are two key things that have to be improved, which are the battery technology and the electric and electronic architecture," said Yan Feng, chief technology officer at VM Motor.

"Financial innovation can reduce the financing difficulties of small and micro businesses, but we should pay more attention to their diversified demands, especially that of some startups," said Bei Duoguang, president of the Chinese Academy of Financial Inclusion at the Renmin University of China.

"Fuel cell vehicles and electric cars have different technological features and they are to be used in different situations. They will complement each other instead of replacing one another," she said.