Chinese tech companies on Tuesday showed off their innovation power at the world's largest mobile industry exhibition in their bid to challenge foreign giants.

Chinese white goods giant Haier Group showcased its new smartwatch at the Mobile World Congress in Barcelona, marking another milestone in the firm's expansion into the consumer products sector in Europe.

The Haier Watch, which will go on sale in the second half of 2016, is compatible with the Haier smartphone so users can read messages on their watches, monitor their health and control their phone cameras.