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"Compared to the demands of application scenarios for AI algorithms, the supply is less than 1 percent," Yin said. That is especially the case when it comes to facial recognition technology's application industries such as transportation and finance, which have stringent demands for precision, security and safety.

"China regulations are also so strict that in many cases, they are even more strict than in central Europe or Finland. It's good for the whole industry to have more firms operate in a sustainable way," said Nikkila.

"China's policy to open up its financial sector remains unchanged," Guo said, noting that more foreign financial institutions have settled in China even during the epidemic.

"Companies from Lhasa and other provinces purchase the products from our cooperative," said Chamba. This year, his cooperative received an order worth 1 million yuan from a company in Lhasa.

"China's full opening of the manufacturing industry is a clear indication of our opposition to trade and investment protectionism, and shows our clear support to widening and deepening the development of economic globalization," the National Development and Reform Commission said in the announcement on April 17.