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DAMO announced in April it was developing a new neural network chip called Ali-NPU for AI inferencing in the fields of image processing and machine learning.

Currently, Zhongding has put into operation a 1,000-head dairy farm in Russia. It plans to build ten 5,000-head dairy farms in the Primorsky region of Russia in the next three to five years with a daily output of 1,000 tons of raw milk.

Currently, nearly 60 percent of Chinese outbound investment goes through Hong Kong which serves as a "very useful and effective conduit for the two-way business between China and the rest of the world," he said.

Cuomo said three regions in the northern part of the state -- the Southern Tier, Mohawk Valley, and the Finger Lakes -- have met the criteria for reopening and will enter the first of four reopening phases.

Currently, the United States basically imports almost no steel from China and the US industry faces competition from South Korea, India and Europe.