Edward Tse, founder and CEO of Gao Feng Advisory Co, a global strategy and management consulting firm, said China is on the cusp of a new technological era as it witnesses new growth opportunities from new consumption forms and new business models across industries.

"The pandemic has driven a lot of changes in how we live life and how business models are being developed," Tse said at the 19th Vision China event.

Jointly organized by China Daily and the Publicity Department of the Communist Party of China Tianjin Municipal Committee, the event, titled "New Era of Intelligence: Empowering New Development, Fostering New Pattern", was broadcast online to a global audience on Thursday night. It coincided with the ongoing 5th World Intelligence Congress, an event that started on the same day and runs until Sunday in Tianjin.