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"Chinese companies looking to acquire beyond China's borders focus on achieving dual goals—winning at home and exporting abroad, which enables them to strength their domestic competitive stance while simultaneously positioning for global expansion especially in developing markets," said Phil Leung, partner of Bain & Company.

"Chip technology is the crown in the smartphone sector, but it is highly cash intensive," said Lei Jun, founder and CEO of Xiaomi.

"Chinese had to learn nuclear knowledge from abroad back in the 1950s, and then we were able to make our own findings and developed our own technologies," Zhang said.

"Compared with the traditional route via the Yangtze River and Shanghai, the new route is a faster way to connect China's inland western region with major ports in the south, saving about 20 days in transport time," said Han Baochang, director of the China-Singapore demonstration initiative's administration committee.

"Currently, we are setting up international joint research centers with Oxford University and the University of Birmingham," Cao says.