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China's securities and banking regulators have asked trust companies to reduce trading leverage and have suspended some of their structured securities investment, Chinese media reported, citing people familiar with the matter.
China's technology firms Tencent and Baidu are also competing to develop AI that can enrich social media feeds, target ads and services or even aid autonomous driving.

Chinese Foreign Ministry spokesman Geng Shuang said on Wednesday that China is willing to provide assistance on the basis of Pakistan's need.
Chinese Foreign Ministry spokeswoman Hua Chunying said: "We hope the US will refrain from taking actions that could further undermine investor confidence in the US business environment and harm its domestic economy and normal, open, transparent and win-win international trade."
Chinese State Councilor and Foreign Minister Wang Yi (right) holds talks with President of the 72nd session of the UN General Assembly Miroslav Lajcak in Beijing, capital of China, July 3, 2018. [Photo/Xinhua]
来源:资阳报