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Both of the medicines are developed by Chinese pharmaceutical companies, Li said.

Blockchain has been a buzzword for years, but few real-life applications have been implemented at scale, except for cryptocurrencies. That situation looks set to change.

Bond issuances by local governments in China, with the specific remit of supporting shantytown renovation, is likely to accelerate in the coming months as a financial facility to fuel infrastructure investment and support economic growth, said analysts.

Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when Vanguard introduced the first index fund for individual investors, rather than institutional clients.

Big companies like Google, Microsoft and Alibaba have started to tap into the AI-powered medical care market in recent years, Xinhua reported.