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But AI has a far greater opportunity to create entirely new categories of products and services. It will establish new markets and drive growth. AI's boost of the topline is reflected in our estimate that annual economic growth rates in China could increase from 6.3 percent to 7.9 percent in 2035 if companies harness AI to transform their entire business models. That would generate additional economic output of more than trillion at that time.

British Prime Minister Theresa May has given the green light to Chinese telecom giant Huawei to help build the country's 5G network, said the Daily Telegraph newspaper.

Brautigam said "Trump's comments mark a new low, but in other ways, his sentiments are not new. What is new is having these sentiments expressed at such a high level by our top leader."

British actress Felicity Jones poses for Chinese fashion magazine. [Photo/Official Weibo account of Our Street Style]

Business delegations from 75 countries and regions will attend this year's expo and forums. Countries such as Russia, Iran, Mongolia and Romania are setting up exhibitions for the first time at this year's four-day event.