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But the spread of the ransomware is ongoing, but is slowing down, the Cyberspace Administration of China said in a statement.

By Thursday morning, after a barrage of users came to the defense of McGowan, Twitter unlocked the account, while explaining why it had done so in the first place.

But this financing model has also increased the debt burden for local governments. As it is not written down on the balance-sheet, it is hard to monitor debt risk.

By collaborating with China Railway Corp, the volume of containers from rail and river sources at Chinese ports soared 34.8 percent year-on-year to 1.75 million TEUs (20-foot equivalent unit) in the first five months this year. The new transportation solution is expected to result in savings of up to 13 billion yuan year, added Yi.

But these positions are proving to be hard to fill. Huang Heyan, vice president of the Chinese Association of Artificial Intelligence, explained that there is currently a huge gap between the demand and  supply of talent in the Chinese AI industry. She called for more universities to include AI in their curriculum so that more graduates can support the market demands.