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China has become the biggest owner of AI patents, followed closely by the US and Japan, the report revealed. The three countries own 74 percent of all issued AI patents globally.

China does not intend to become embroiled in a trade war with United States, and the two sides have agreed to continue communicating on trade issues in the near future, which in turn will create conditions for further cooperation, senior Chinese officials said on Sunday.

China has more than 4,000 incorporated small and medium-sized banks and their total assets stand at 77 trillion yuan (.9 trillion). Most of these lenders have been affected by the novel coronavirus outbreak due to limited management capabilities and distinctiveness of their customers, which are mainly small businesses, farmers and agribusinesses, he said.

China established 10 trial national parks as pilot projects in 2013, with a combined area of over 170,000 square kilometers involving 13 provincial regions such as Qinghai, Sichuan and Heilongjiang.

China has biomass resources which can be burned directly or converted to liquid biofuels or biogas, but only 5 percent of the resource has been exploited, he said.