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Another driving force comes from the integration of various functions provided by the mobile phone, such as the functions of ID card, bank card and health status check. Other functions include news-reading and entertainment.

Another industry leader, Alibaba Cloud, the largest cloud partner in China, also launched an array of cloud and artificial intelligence (AI) products and solutions at the MWC, ranging from big data and artificial intelligence to infrastructure, security and private cloud solutions. The key products include Image Search solutions that allow users to search for information online and offline using images, and Intelligent Services Robot, a chatbot for business.

Another reason why Chinese tourists are less interested in shopping overseas, according to Li, is that the quality of made-in-China products is improving. Also, the influence of Chinese brands is growing. "The time when Chinese people rushed to buy milk powder, frying pans and toilet covers at stores outside the mainland has long passed into history."

Any DACA recipients with a permit set to expire before March 5, 2018 will have the opportunity to apply for a two-year renewal.

Another factor contributing to SGCC's profitability and increasing presence in overseas projects is that Chinese companies have low construction costs, he said.