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China-Africa cooperation has entered a new golden era, according to Nie Chenxi, director of the State Administration of Radio and Television.

Chinese Ambassador to South Africa Lin Songtian said Hisense's portfolio and investment in South Africa have seen good results from comprehensive strategic partnership, and people-to-people exchanges between the two countries. The company benefits from the local investment environment and governmental support, and brings substantial benefits for local residents, he said.

China's retail sales of consumer goods climbed 4.3 percent year on year to 3.86 trillion yuan (about 584.5 billion US dollars) in October, the Chinese National Bureau of Statistics said Monday.

Chinese Foreign Minister Wang Yi and his counterparts from the Association of Southeast Asian Nations (ASEAN) made the pledge at a meeting in Manila.

China's role in the AI sphere is also comforting to Walsh, who said that he feels worried that the benefits of the rapid advancements in technology that will be made will potentially be too isolated as they are often "winner take all markets" driven by the network effects of the technology.