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"Charging, along with a number of other benefits, will be the deciding factor whether new energy vehicles will really happen in China," said Woellenstein. "This would be for me the main point, it's not about unsustainable subsidies."

"Bytedance already has multiple short video and live streaming products. What Vscene can add is the VR technology so as to upgrade the live streaming experience and enhance the level of engagement," said Wang Xiaofeng, senior analyst at consultancy Forrester.

"China has already taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors, as well as introducing the first new negative list for cross-border service trade in the China (Shanghai) Pilot Free Trade Zone last year to offer global companies more access," said Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"China is committed to the path of green development and protection of the ecological environment, and demonstrated considerable strength in clean energy, such as nuclear and solar energy. The UK has special strength in green finance and low-carbon technology."

"But now Chinese consumers are more experienced and sophisticated. We think it is the moment for Italian wine," he added.