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Baidu's artificial intelligence not only makes driving hands-free possible, but could also let machines analyze video footages much better than humans, the company's executives shared on a developers' conference in Beijing Wednesday.

Banks extended new yuan-denominated loans of 1.48 trillion yuan in May, up 298.4 billion yuan from a year earlier, the PBOC said. The broad measure of money supply that covers cash in circulation and all deposits, or M2, rose by 11.1 percent to 210.02 trillion yuan at the end of May, and the growth rate was unchanged from the end of April, the central bank said.

Backed by 5G, China's mobile ecosystem is expected to add 6 trillion yuan in value to the national economy in 2023, up from 5.2 trillion yuan last year, the report added.

Backed by pharmaceutical giant MSD, the study tracked more than 5,000 patients and 237 clinical research centers for almost a year. It is thought to be the largest study ever conducted in China on the treatment of Type 2 diabetes.

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