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As China builds up one of the world's largest networks of video surveillance cameras, Deng also called for more efforts to better standardize and regulate the industry.

Arthur Zhu, president of Hangzhou Lianlian Yintong Electronic Payment, said that technology will be the key for fintech companies "to unlock the future". It will be the company's major mission to leverage leading technologies such as block chain and AI to provide secure and convenient payment services to users.

Apple plans to recall some personal computers in Chinese mainland which may have potential overheating risks from batteries, according to China's top market regulator State Administration for Market Regulation.

As Austrian President Alexander van der Bellen is visiting China, Vienna-based Raiffeisen Bank International AG said it hopes for the complete success of this state visit with many fruitful results, benefiting the further development of both countries.

Apple Inc’s fiscal first-quarter earnings reveal that the company’s struggles in China and in its critical iPhone business will continue, while analysts say the tech bellwether could reduce prices to remedy the situation.