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China is willing to focus on cooperation and control disagreement with the US, to benefit the people of both sides as well as the whole world, he said.
China should speed up efforts to build world-leading new artificial intelligence infrastructure and smart transportation systems that use cutting-edge technologies such as AI and 5G, said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.
China registered the first quarterly current account deficit in 17 years in this year's first quarter. Such a deficit is when imports exceed exports. The deficit was .2 billion, compared with a surplus of .4 billion a year ago. But the market seems to have fewer concerns over China than other emerging markets. This is because of China's stable macroeconomic conditions and its record of successful control of capital flight, although Sino-US trade tensions may increase uncertainties in the financial sector, according to economists.
China will abolish management rules on overseas financial institutions' investment in domestic organs, applying the same market entry and administrative approval policies for both Chinese and foreign investment, according to a statement from the China Banking and Insurance Regulatory Commission.
China recorded fewer casualties in floods despite the highest precipitation in decades in middle and lower reaches of the Yangtze River, according to authorities.
来源：资阳报