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China has the potential to become the world's largest market for autonomous vehicles, said consulting firm Mckinsey. It estimates that such vehicles will make up more than 40 percent of new vehicle sales in China by 2040.

China is Ireland's biggest trading partner in Asia. In March, Ireland became a member of the China-led Asian Infrastructure Investment Bank. Last December, China's central bank granted Ireland a 50 billion yuan (.25 billion) quota under the Renminbi Qualified Foreign Institutional Investor scheme, which allows for investment into China's onshore bond and stock markets.

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 right to give priority to eliminating extreme poverty in its own country by the end of this year, he said that poverty is still a massive problem worldwide.

China is also planning to build more rental housing in big cities to help cool down the market.