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China's foreign trade volume totaled 6.57 trillion yuan in the first quarter of this year, falling 6.4 percent year-on-year, data released by the General Administration of Customs showed on Tuesday.

China's healthcare industry is ramping up artificial intelligence application in disease diagnosis and healthcare, and industry sources said AI-incorporated healthcare solutions will help alleviate the country's inadequate and imbalanced medical resource allocation.

China's medical sector will grow to the size of 1 trillion yuan (4 billion) within the next 20 years, and this growth will be fueled by not only an army of doctors and nurses, but also troves of data, according to experts in the field of artificial intelligence.

China's economic growth helped sustain the prices of Brazil's commodity exports, offset slowdowns in other sectors of Latin America's largest economy, and also signaled a coming recovery for the global economy, which has been struggling since the 2008 financial crisis, said Oreiro.

China's draft foreign investment law will give foreign investors more confidence and promote the growth of the economy, according to Maurice Greenberg, chairman and CEO of US-based insurer Starr Companies.