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Another premium auto maker pinning high hopes on the Chinese electric vehicle market is BMW Automotive Group, which announced its local production plan for its BMW iX3 fully-electric model at its manufacturing base in Shenyang, Liaoning by 2020.

Another panelist Ding Yuan, vice-president of the China Europe International Business School, noted that efficiency should be one of the principles of outbound investment, and his school was seeking to offer advice to Chinese investors in need as challenges may arise from venturing out into a world with a different culture and different legal systems.

Ant Financial Services Group, the financial arm of Alibaba, acquired a controlling 51 percent stake in Cathay Century Insurance Co Ltd in 2016.

Another factor triggering the speeded-up capacity expansion is the domestic regulation threshold of 8 gWh annual capacity, which was set by the Ministry of Industry and Information Technology in November 2016, according to sources who declined to be named.

Another possible trouble spot is China’s willingness to experiment with its own technology standards that don’t always line up with the standards used by the rest of the world. Should cloud computing techniques used by Chinese cloud providers become an essential part of operating a cloud service in the country, cloud providers might have to make hard choices about offering two types of services to customers inside or outside of China, or whether to bet heavily on the Chinese standard they’ll have to offer if they want a piece of this huge growing market.