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"Centering on the customers' demand, we will boost cross-sector sales to improve our operating efficiency and lower relevant costs," He said.

"China and the US are the world's largest developing country and the largest developed country. Maintaining stable and sound growth in relations between China and the US meets the expectations of both countries and people around the world," Li said.

"Catering enterprises generally don't have much assets in stock－to reserve cash for two-and-a-half months at maximum. That's why continuous revenue plays an important role," he said, adding how long before circumstances improve would determine the survival of many companies in the sector, especially small- and medium-sized firms.

"By offering visitors the vivid technology exhibition, the WIoT-Park is expected to help popularize the IoT industry to a greater extent.

"China is such an innovative country, we need to invest more here and some of the innovations in China can later work in other countries. There will be more technology innovation going from East to West.