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By the end of last year, China had 3,341 AI companies, second in number only to the US, according to the 2019 China New Generation Artificial Intelligence Development Report published by the ministry in May.

By law, the US Treasury Department should have distributed the money by April 26. All states had already received the funds allocated by the act, except for the Native-American communities.

By the end of last year, this debt stood at 18.39 trillion yuan, while central government debt was 14.96 trillion yuan. This meant the overall government debt ratio stood at 37 percent, well below that in many developed economies and major emerging-market economies, according to a statement by the Ministry of Commerce.

By issuing this type of bonds, banks will serve as bridges between small businesses and capital markets, further expand the sources of funding for micro and small enterprises, and improve diversified mechanisms for small business financing, bankers and analysts said.

By way of comparison, the new Market Access Negative List is a 63-page document, whereas the Foreign Investment Negative List is just five pages long, and includes prohibitions on foreign investment in sensitive areas such as nuclear power and inland fisheries.