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At the invitation of the Russian side, Yang arrived in Russia's Black Sea coastal city of Sochi to attend the 15th annual meeting of Valdai on Wednesday.

At the intelligent industry and information technology exhibition area of the CIIE, more than 300 exhibitors from 40 countries and regions showcased their innovative products.

At the same time the use of algorithms has improved the efficiency of the news industry, it has brought many risks in content, including vulgarization and sensational headlines, Chen said.

At the news conference, Minister of Industry and Information Technology Miao Wei called on the US government to stop the "wrong practice" of putting restrictions on exporting US technology and products to Fujian Jinhua Integrated Circuit Co, a major Chinese chipmaker."The US Commerce Department is misusing national security concerns and abusing export control measures. It is groundless for a country to use such excuses to put an export ban on a company that is still under construction, and has not yet started mass production," Miao said.The incident originated from a legal dispute among US chipmaker Micron Technology Inc, Jinhua and Taiwan-based chip designer UMC."Jinhua has no technology and all of its technology was transferred from UMC. If there is any technology dispute, it is UMC that should be held responsible," Miao added.Despite trade frictions between some economies, the top industry regulator said on Tuesday the actual use of foreign capital in China's manufacturing sector reached .2 billion in 2018, up 22.9 percent year-on-year.A number of major foreign-funded projects were launched in China last year, including US auto giant Tesla Inc's 50-billion-yuan (.42 billion) plant in Shanghai, which effectively rebutted the rumor that foreign capital is fleeing the country."We are considering a further expansion of market access to telecom and other industries, with more business scope open to foreign companies," Miao said.Qu Xianming, an expert at the National Manufacturing Strategy Advisory Committee, said, "China is still a hot choice for foreign investment. The government's push to create a pro-business environment will help overseas companies better tap into the huge market."

At the same time, we have developed strong local partnerships, including a strategic cooperation with the Bank of Nanjing.