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Artificial Intelligence, or AI, is fast-becoming an effective way to automate day-to-day decisions and is already saving us a lot of time as well as streamlining a plethora of industries in a manner not seen since the industrial revolution.

Around 140 million households are earning between 100,000 yuan (,286) and 500,000 yuan each year, which is the household income "sweet spot" for purchasing cars and houses, and discretionary spending on leisure and traveling.

Around three-quarters of Chinese and Vietnamese participants earned A per hour or less, compared with 35-41 percent of US citizen, Irish and British participants, the report said.

As Chinese President Xi Jinping embarks on his state visit to Russia Monday, new cooperation mechanisms as well as more agreements are expected.

As Edelman explained, the challenges can be largely attributed to inadequate publicity of Chinese companies. Trust cannot be built if the company or the manager does not communicate. In this sense, awareness is the first thing that should happen, he said.