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China surpassed the US in the number of emerging AI projects last year and accounted for over half of the total projects but in terms of global AI talent, China made up only 5 percent of the total, according to a Goldman Sachs report.

China will continue to handle its foreign relations according to the one-China policy, Geng said, urging foreign corporations running businesses in China to respect China's sovereignty and territorial integrity, abide by China's laws and respect Chinese people's national feelings.

China should fully prepare to deal with changes from the external environment for quite a long time given the continued spread of COVID-19 globally and the downward pressure facing the world economy, Xi Jinping, general secretary of the Communist Party of China Central Committee, said on Wednesday.

China will also boost regional economic cooperation and promote free trade areas, Qian said.

China notified the World Trade Organization (WTO) on July 18 that it would stop accepting shipments of 24 types of plastic, paper and metal recyclables, including PET (polyethylene terephthalate, a form of polyester), PVC (polyvinyl chloride), polyethylene, polystyrene and other scrap polymers.