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Chinese people have always kept in mind that Sweden was the first Western country to establish diplomatic ties with China, and they have held friendly feelings toward the Swedish people, Gui said.

Chinese investors are scrambling to pour their money into artificial intelligence. But they also need to be careful and distinguish in the flood of business plans between the doubtful AI-enabled startups and those with real potential, experts in the field cautioned.

Chinese policies rolled out earlier this year include allowing foreign-funded institutions to conduct credit rating businesses on all types of bonds in China's interbank and exchange bond markets, and a transitional period for raising the foreign ownership cap on life insurers from 51 percent to 100 percent bringing forward to 2020 from 2021.

Chinese medical team arrives in Islamabad, Pakistan, March 28, 2020. [Photo via Chinese embassy in Pakistan]

Chinese internet giant Tencent Holding Ltd has invested in several traditional retailers, such as Carrefour SA's China unit and Yonghui Superstores, but its chairman, Pony Ma Huateng, said that the company does not plan to directly take up retail business itself.