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China will step up efforts to promote the development of artificial intelligence technology as electronic gadgets are becoming increasingly smart and the sector is in need of new growth engines, a senior official from the Ministry of Industry and Information Technology said.

China will stick to its pledges to continue to promote opening up, facilitating global economic cooperation and communication, he said.

China's auto market, hit hard by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year-on-year, ending a 21-month contraction streak, according to the China Association of Automobile Manufacturers.

China's STAR Market, or science and technology innovation board, a new stock venue for technology companies, started trading at the Shanghai Stock Exchange at 9:30 am on Monday.

China's booming pet clinic industry is boosting demand for veterinary drugs, but a lack of supply and outdated regulations are hampering growth.