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Currency regulator dismisses reports on slowing US treasury purchases

DAMO announced in April it was developing a new neural network chip called Ali-NPU for AI inferencing in the fields of image processing and machine learning.

Currently, KGT owns an e-commerce platform and several cross-border imported commodities direct-sale centers in Beijing, Tianjin, Qingdao and Zibo in Shandong province, and Shenzhen and Shantou in Guangdong province.

DAMO Academy, e-commerce giant Alibaba's in-house technology and science research arm, released its view on the top 10 technology trends for 2019 on Tuesday. It said artificial intelligence would continue to be the hottest sector with more comprehensive application expected.

Cutting the rates is a signal of easing money supply to benefit the real economy, although some PBOC officials recently hinted at withdrawing special monetary stimulus measures, given that the pandemic is almost under control in China and economic recovery in the second quarter was strong, according to analysts. Those special measures were implemented to boost the economy when COVID-19 hit.