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"Codemonkey is a leading product for learning 21st century programming and skills for children, and we look forward to working with its team to continue the company's success," said Chairman and CEO of TAL Education Zhang Bangxin.

"China's reform and opening up meets its people's aspiration for development, innovation and a better life. It also meets the global trend toward development, cooperation and peace," said Xi when addressing the opening ceremony of the annual conference of the Boao Forum for Asia (BFA) in the southern island province of Hainan.

"China will not close the door to the world but will only create more spaces," the official said in a statement. "Since its entry into the WTO, China has kept its promises on tariff cuts and market opening, stood against protectionism, improved protection of property rights, promoted fair competition and pushed forward economic globalization."

"China's swelling middle-income group has rising demand for domestic cleaning, home security and surveillance robots," said Luo Jun, CEO of the Asian Manufacturing Association.

"Companies solely trading imported cars that have a small market share will have the impulse to lower the price first, in an aim for a bigger volume," said the expert.