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Around 20 percent of that budget is earmarked for China, which accounts for a similar percentage of the group's global sales revenues, Xiang said.

As China's continuously improving business environment has provided global companies a fair and open market, an efficient supply chain and a competitive talent pool, foreign direct investment in China increased by 6.3 percent year-on-year to 899.38 billion yuan (7.6 billion) between January and November of this year, according to the Ministry of Commerce.

Artificial intelligence and big data analysis can efficiently boost the matching degree between consumers' diversified preferences and manufacturers' production capacity, so as to build a better industrial chain, supply chain and value chain supported by digital solutions.

As CapitaLand's wholly owned serviced-residence business unit, whose brands include Ascott, Citadines, Sheng Jie, Quest The, Crest Collection and Lyf, Ascott currently ownsmore than18,000 operating serviced residence units in China.

Apple Inc has stepped up efforts to attract more Chinese developers as the iPhone maker is looking to boost app services in its key market amid better market expectations for the fourth quarter.