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China is willing to deepen international exchanges and cooperation in VR, share development opportunities and make joint efforts to create a smarter and better future for human society, Xi added.
China will also phase in an opening-up of bank card clearing and other markets; lift restrictions on the scope of operations of foreign-invested insurance companies, and ease or lift restrictions on the share of foreign-owned equity in companies in sectors including banking, securities, fund management and futures.
China is working on new ways to improve chip performance, power and costs for AI applications, which will present huge opportunities for companies laying the foundations for such technological breakthroughs, said Gary Dickerson, president and chief executive officer of Applied Materials Inc, a leading semiconductor and display equipment company.
China will also improve the quality of its exports, import more high-quality products and modernize its logistics system, it says.
China is willing to join hands with all parties and continues to play a constructive role for the peaceful settlement of this issue, Hua added.
