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China stands ready to continue with joint efforts with various sides to further negotiate with India to solve the outstanding issues, and the country welcomes the participation of India as early as possible, he said.

China is working on new ways to improve chip performance, power and costs for AI applications, which will present huge opportunities for companies laying the foundations for such technological breakthroughs, said Gary Dickerson, president and chief executive officer of Applied Materials Inc, a leading semiconductor and display equipment company.

China purchased .6 billion of US crude, representing 21 percent of US global crude oil exports from January through to May.

China saw its installed capacity of renewable energy grow 9 percent year-on-year to 794 million kilowatts by the end of last year. Wind and solar farms' capacity rose by 14 percent and 17.3 percent year-on-year, respectively, the National Energy Administration said.

China supports enterprises to engage in infrastructure development and operation in engergy, railway, road, port and telecommunication, Wang said.