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China has made progress in fighting so-called zombie companies and in handling bankruptcy disputes over the past few years, especially since an online platform was launched and more specialized tribunals were added, according to the country's top court.

China has made much progress in AI applications in recent years. The AI software and application market in China was worth .89 billion last year, and the number is expected to reach .75 billion by 2024, witnessing a compound annual growth rate of 39.9 percent during a six-year period, according to International Data Corp.

China has explored emergency work plans, making it possible for the council to discharge its mandate, Zhang said.

China appreciates Kazakhstan's firm support for and active participation in the initiative, he said.

China has called for aligned standards involved in trade among participating economies of the Belt and Road Initiative, to promote high-quality development of trade connectivity.