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Another point Leblond raised was that the companies look at smart speakers in different ways. According to Leblond, tech companies like Amazon, Apple, and Google are entering the smart speaker business as a gateway for users to get into their own services, like the voice assistant, search, or e-commerce.

Apart from overall requirements for members of the Political Bureau of the CPC Central Committee, Xi also made individual comments while reading through their work reports.

Answering whether China and the EU will reach consensus in global trade and investment, Lu said both sides agreed to expand economic and trade cooperation, support and promote economic globalization at the 7th China-EU High-level Economic and Trade Dialogue in Beijing last month. Both sides also agreed to fight unilateralism and trade protectionism and safeguard the rule-based multilateral trading system, he said.

Apparently, such a massive transformation won't be easy for China. There was a time when its workforce used to eke out a living by working in old-fashioned factories. But, China's changing economic priorities would mean the workforce issue needs to be handled well during reforms.

Another report from Essence Securities noted that at this time, the industry has turned for the better in its development stage. Various construction machineries are in short supply.