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"Companies want to make profits, and they will make their own calculations to decide what is best."

"Chinese carmakers at this moment do not possess a thorough understanding of the IoT, or wireless communication technologies, and vice-versa. Those IoT people don't understand auto manufacturing," Guo continued.

"China's proposal to explore third-party market cooperation can generate rich financial returns for both developed and developing countries involved in the BRI, without causing a clash of interests," he said.

"China's economy has benefitted considerably from the more domestically focused, investment-driven growth model after the 2008 global financial crisis, when many developed economies encountered weakened consumption growth resulting from the fallout of the crisis," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics in Beijing.

"Conforming to this trend of the times is the choice of most countries," Ma said, adding that China currently maintains diplomatic relations with 178 countries, and this trend will further develop.