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Anand Rao, an AI consultant at PwC, stressed that initially North America would experience productivity gains faster than China.

And, starting May 1, foreign companies will be allowed to apply for licenses to conduct oil and gas exploration and production. Last year, the Chinese government implemented a "negative list" system that allows foreign investment in any sector not explicitly prohibited. And, the new foreign investment law allows 100 percent foreign ownership in most areas and treats foreign firms as legally the same as domestic firms.

Anand Rao, an AI consultant at PwC, said that initially, North America will experience productivity gains faster than China, for the former is better prepared to adopt AI and jobs in the region are highly fragmented, making them susceptible to replacement by more-productive technologies.

And Life insurers are embracing the advancements in fintech and medical science, with management from extensive level to meticulous stage.

And British online retail group Asos also pulled out of China in 2016 after it failed to compete with large, native e-commerce retailers.