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Analysts said CATL's lead will continue for a while to come, but it's clear that the company will face more pressure than before.

Anhui's desire to encourage innovation is also mirrored in its tolerance of risk. Liu, who returned from Harvard, said that when he decided to set up Precedo－a startup focusing on cancer cell research－in 2015, the technologies used were cutting-edge, and most people did not understand them.

Analysts have forecast that growth this year could slow slightly. Zhu Baoliang, a senior economist at the State Information Center, said at a recent forum that economic growth could dip to 6.5 percent this year.

And these incubators have empowered about 400,000 startups and microbusinesses that employed some 2 million people in 2016, according to the Ministry of Science and Technology.

Analysts have been eager to see whether Apple can meet demand for the iPhone X during the crucial holiday quarter, with most saying it will likely take Apple until next year or early spring to do so.