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"Cooperation with foreign counterparts plays an important role in exploring international markets, since local partners and special personnel that better understand local markets help Alpha easily integrate with foreign markets," says Seven Wang, executive assistant to Alpha's president.

"Compared with the world's leading ratings agencies, Chinese companies still have a long way to go to improve service quality," said He.

"China represents a tremendous opportunity, given its significant market size, abundance of unmet clinical needs and active entrepreneurship landscape. Establishment of this Medtronic med-tech innovation accelerator forms another bold step to continue to advance innovation through collaboration," said Omar Ishrak, Medtronic chairman and CEO.

"Chinese companies need to make essential moves now including deciding where to play, developing a road map to access the tech stack and deciding the right alliance and ecosystem strategy," Thomas said.

"Compared with consumers in other countries, Chinese consumers are considering purchasing autonomous vehicles, especially in the premium segment. In fact, compared with consumers elsewhere, Chinese car buyers aggressively seek autonomous driving features," he added.