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"Hair transplant surgery is an invasive medical procedure that causes bleeding, and must be performed in a sterilized environment by qualified medical professionals," Liu said.

"For instance, Baidu is leveraging AI to help supermarkets better manage their supply of fresh food, by analyzing and predicting which products are most popular," said Li, who runs China's largest search engine.

"From 2018 to 2020, the prices of Moutai's classic Feitian liquor are expected to increase by 22 percent, 15 percent and 15 percent each year, respectively. The sales channels of Moutai will continue to expand to more smaller Chinese cities and e-commerce platforms."

"From income inequality to climate change, technology will play a critical role in finding solutions to the challenges our world faces today. This year's emerging technologies demonstrate the rapid pace of human innovation and offer a glimpse into what a sustainable, inclusive future will look like," said WEF CTO Jeremy Jurgens, at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum.

"Generally speaking, while comprehensively ratcheting up climate action and establishing the mechanism needed to boost high-quality economic development and environmental protection, we need to promote fundamental transitions in the structures of the economy, industry and energy consumption," Li told a news conference.