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"China is deepening opening-up and reform, with progress in production resumption as the epidemic is being controlled. As the internationalization of China's capital market is continuing, renminbi-denominated assets are attractive, which will provide the foundation for a stable foreign exchange market," Wang said.

"China is interested in a series of investments in Peru (and) we have said investment is welcome," said Vizcarra.

"China is being pressured from both sides," an unidentified MIIT official told Xinhua. "Advanced economies such as the United States, Germany and Japan have all formulated policies supporting further development of their own manufacturing. At the same time, emerging economies such as India and Brazil are catching up with their own advantages."

"By serving our own internal business for five years we have gained significant experience. So we think it is time for us to expand the cloud service to other companies and industries, because demand from the external ecosystem is very high," said Ericson Chan, CEO of Ping An Technology.

"But more robust governance and new operating models will be needed to realize AI's full potential and underpin all the opportunities it brings," said Jim Woods, an consultant for global risk assurance at PwC.