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And as of now, over 500 maths teachers from the two countries have been on exchange visits through the China-UK maths teacher exchange program, said the ambassador.

Anhui has zeroed in on two categories of implants used during spine and eye surgeries, leading to an average price reduction of about 53 percent for spinal implants and more than 20 percent for ocular implants, according to the provincial Healthcare Security Administration.

And the lower living costs have given rise to higher fertility rates in these regions. The upshot, according to Morgan Stanley's estimates, is that smaller cities could account for 76 percent of overall urban population growth by 2030. That spells huge spending power in the long run.

Analysts on average were expecting total revenue of .7 billion, according to Thomson Reuters I/B/E/S.

Analysts said China's progress in 5G, which enables a much faster data transmission speed, will give a helping hand in facilitating the development of autonomous driving technology in the country.