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Analysts believe the presumption is possibly based on Guangdong-headquartered Chinese technology giant Tencent's recent acquisition of a 5 percent stake in Tesla as well as China's growing demand for new energy cars.

And Guangzhou's measure of artificial intelligent industrial scale is planned to total more than 120 billion yuan annually by the end of 2022, he said.

Ancha forecast that China would remain a big buyer of Thai fruit for the rest of the year, accounting for about 40 percent of the country's fruit exports. Thailand is likely to produce large number of tropical fruits and will generate as much as 113 billion baht in export revenues this year, he said.

Analysts from TF Securities wrote in a note that horse racing and large international sports events should be the two areas that are likely to see rapid development following the announcement of the central authorities' plan. While taking Shanghai (China) Pilot Free Trade Zone－the first of its kind in China－as an example, Hainan still lags behind in terms of the contribution of wholesaling and retailing to local GDP. In this sense, companies related to these two sectors in Hainan will have much room to grow, according to the note.

An updated version of the FTA is expected to further facilitate trade, scale up bilateral investment, and encourage technological cooperation.