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China is looking to host 10 AI innovation development pilot zones by 2020. Shanghai was chosen as one destination to water-test breakthroughs in AI-related technology, policy, social impacts and governance, said Zhang Xu, vice-director of department of strategy and planning at the Ministry of Science and Technology.

China is close to unveiling an additional fiscal stimulus package to prevent layoffs and debt defaults and secure its post-COVID-19 economic recovery, experts said on Friday.

China is realizing the value of the IoT and transforming society through the deployment of smart home, smart industry and smart city solutions. By delivering real-time information, IoT products are making cities smarter and increasing convenience and efficiency in people's lives.

China is now a major champion of world peace, global development and international order. It is also one of the most important markets for multinational corporations.

China has so far signed cooperative agreements with 68 countries and international organizations concerning the initiative, including those signed during the forum.