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China's large population created advantages in big data, which is the key driver for AI ecology today represented by deep learning.

China's opening up to the outside world is seen by those close to China as one of the momentous events in world history, eventually delivering 700 million people out of poverty.

China's economy grew by 4.9 percent year-on-year in the third quarter. The country has been projected by major international organizations to be the only major economy to record growth this year. The International Monetary Fund forecast in its latest economic outlook that China's GDP will expand by 1.9 percent this year.

China's outstanding property loans were up 13.9 percent from a year earlier at 46.16 trillion yuan (about .59 trillion) as of the end of March, according to a report from the People's Bank of China (PBOC).

China's monetary policy is predicted to remain stable, with likely moderate easing next year, but additional liquidity injection is necessary in the coming months, according to Goldman Sachs Investment Strategy Group on Tuesday.