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Another instance of looting in Chinatown happened during the 1906 San Francisco earthquake. "We know about the extent of such looting from dispatches by the National Guard commander to his superiors," said Chan. "A sample of such a dispatch recites that even 15 to 20 National Guard troopers had been arrested for looting 'principally in Chinatown' after the Great Earthquake and Fire."

Another trend Renjen has noticed is how rapidly China is becoming a technology hub, evolving from its role as a manufacturing powerhouse, a transition which he believes will deliver outstanding opportunities.

Apart from the traditional home appliances sector, Hisense is tapping into the mobile phone industry in Europe. The company launched two new types of smartphones to lure consumers from Russia.

Another highlight of the digital makeover is that enhanced storage and computing may ensure travel sites do not crash when travelers swarm to snap up tickets at the predicted peak time. According to Xiao, the company will also leverage its cloud computing resources to help airlines and the railway company conduct marketing tailored to target audiences.

Apart from traditional infrastructure projects such as highways and airports, construction machineries such as excavators and cranes are widely used for "new infrastructure" to build facilities such as 5G base stations, telecommunication towers, ultrahigh voltage grids and intercity high-speed railway networks, he said.