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Big-name Chinese high-tech companies are investing heavily in AI innovation, with Baidu investing in automated driving, Alibaba in smart cities, Tencent in medicine and health, and iFlytek in intelligent speech tech. Still, China lags behind developed countries in AI theory, algorithms, materials, core components and personnel. Most existing Chinese AI companies were founded between 2010 and 2016 amid intense policy incentives.

Both countries are trying to find ways to launch a "fast-track" to facilitate normal business and economic exchanges between them while ensuring epidemic control measures are implemented, the envoy said.

Bombardier's General Counsel Daniel Desjardins added: "This deal will distort fair competition and enable one player to leverage dominance in the signaling space to lock-out competition in rolling stock and hold the industry captive, at the expense of all stakeholders."

Board Chairman Steve Miller pleaded guilty on behalf of the company during a virtual federal court hearing with a judge in Newark, New Jersey, formally admitting the company impeded efforts by the US Drug Enforcement Administration (DEA) to combat an opioid epidemic that has contributed to hundreds of thousands of deaths.

Bilateral trade is steadily increasing and cooperation in areas such as energy, transportation infrastructure and agriculture is being advanced, Putin said. The Eurasian Economic Union and the Belt and Road Initiative, which can complement each other, should be better aligned to achieve win-win outcomes, he said.