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China's tech giants have wasted little time in placing their chips on AI. According to consultancy Oliver Wyman, Chinese tech companies poured nearly 40 billion yuan into the research and development of this technology last year. E-commerce giants have in turn sought to partner these tech companies and leverage their expertise in AI.

China's steel industry is still oversupplied with low-end commodity-grade steel products, but is in a supply deficit for high-end products such as high strength steel. By producing more high value-added products, steel mills can increase revenue and widen margins, she said.

China's tourism and real estate developer Riverside Tourism Investment Group Co Ltd signed an agreement with Jim Davis' company, Paws Inc, to use the image of Garfield in the Six Flags theme park, which will be located in Hangzhou and Chongqing. The investment of each of these areas will be expected to reach 30 billion yuan (.6 billion).

China's steel industry should adhere to the dual-circulation development pattern and accelerate the establishment of a stable and efficient supply system for raw materials, industry experts said.

China's top hotpot chain Haidilao International Holding Ltd filed its prospectus for an initial public offering on the Hong Kong Stock Exchange on Thursday, hiring China Merchants Bank International and Goldman Sachs as its joint sponsors, according to a report by Shanghai Securities News.