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Baidu was chosen to lead the establishment of China's AI national laboratory on deep learning last year.

Banking institutions handled 203 trillion yuan ( trillion) in mobile payments in 2017, up 28.8 percent, according to the People's Bank of China (PBOC).

Bannon and Breitbart will work together on a smooth transition, according to a statement from the company's chief executive Larry Solov.

Based on rational and thorough research and consultation, China's latest move takes into full consideration the interests of Chinese people and companies, and is expected to defend the multilateral trading system and global industrial chain, according to Chinese authorities and analysts.

Bank stocks are benefiting from the apparent economic rebound. JPMorgan Chase and Citigroup, both up about 23 percent in the quarter to date.