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Analysts and business communities see the 55-billion ringgit ( billion) mega project as a new spur to the region's economy.

And the competition is part of a "creative experiment", which was launched by the Palace Museum and the Chinese internet giant Tencent last December.

Analysts said the move will help unleash the potential of Chinese startups, which would have been otherwise hindered, as they are finding it harder to obtain a production license of their own.

Angle said the revenue of the company amounted to .2 billion last year across the globe, with the high-end products accounting for 60 percent of its total revenue in the first quarter of this year. It has sold more than 30 million household robotic products to date.

Analysts are also speculating whether China would retaliate by dumping US Treasury bonds as a countermeasure, which was seen as a "nuclear bomb" in the financial markets.