China's proactive strategy adjustments, to offset adverse impacts from trade tensions, could lead the economy to a safe zone, as experts pin their hopes on new technology and domestic consumption.
Meituan-Dianping, the Tencent-backed online food review and delivery company, got off to a reasonable start on its trading debut in Hong Kong, delivering some respite to a local stock market that is showing signs of strain and losing its faith in a clutch of mega tech floats.
Shanghai, as one of the birthplaces of China's chip industry, is stepping up efforts in independent innovation and research to develop AI chips, said Shi Guanghui, vice-mayor of the city.
China will manage well the financial risks in projects related to the Belt and Road Initiative as the initiative is designed to benefit all parties involved, according to officials and financial experts.
Artificial intelligence will give a net boost to employment in China, free humans from some tedious tasks, and bring about significant changes in traditional sectors such as finance, healthcare, transportation and education, according to industry insiders and business leaders.
The market share of electric automobiles is expected to reach 30 percent of China's total vehicle sales by 2030, thanks to fast growth momentum due to technological breakthroughs in fuel cells, the car-sharing economy and the younger generation's green lifestyle, industry officials said on Wednesday.
China is highly likely to emerge as the largest market for German software company SAP SE, as local enterprises embrace cutting-edge technologies such as cloud computing to accelerate their digital transformation, its Chief Executive Officer Bill McDermott said.
Alibaba Group Holding Ltd announced on Wednesday the establishment of a dedicated chip subsidiary that aims to create customized artificial intelligence chips and embedded processors to further support the tech giant's sprawling cloud and internet of things businesses.
The municipal government of Shanghai launched an integrated development and testing platform for location-based services on the China International Industry Fair, which will last five days from Wednesday.
China will play a leading role in shaping a new framework for global cooperation to maintain open markets and facilitate globalization, Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), said in Tianjin on Tuesday.
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