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"But the current search steps need to be simplified and upgraded," Zhou said, suggesting courts apply artificial intelligence and cloud computing to speed things up.

"Capital is needed to fuel China's industrial upgrade push and boost the development of the robotics sector," Ren said. "We are industrial investors. We will take advantage of Siasun's leading position in the industry, and offer startups help in resources such as brand, technology, capital and industrial bases.

"China is rapidly globalizing its industries by encouraging its higher-value-adding industries, such as power generation, construction equipment, and telecommunications systems, to supply overseas projects in the Belt and Road Initiative and to invest in foreign market operations," it said.

"China has made rapid progress in improving its business climate for domestic small and medium enterprises in the past year. This progress, which now puts China among the top 50 economies in the world, signals the value the government places on nurturing entrepreneurship and private enterprise," said Bert Hofman, World Bank country director for China.

"But there is still a structural gap between China's services trade and other economies'. The country's per-capita service trade is smaller than many countries," Li said.