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China should speed up efforts to build world-leading new artificial intelligence infrastructure and smart transportation systems that use cutting-edge technologies such as AI and 5G, said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.

China to build cross-border e-commerce pilot zones in 22 cities nationwide, said the State Council on Tuesday.

China plans good preparations for the SCO summit, which is expected to create more consensus between China and the neighboring nations, Wang said, adding that the summit is going to boost forces for regional cooperation.

China produced 1.4 billion tons of coal, up 4 percent year-on-year, an increase of 0.2 percentage points over the January-April period. Railway coal transportation volume rose by 9.9 percent to 980 million tons through to May. The country consumed 870 million tons of coal for electricity, an increase of 90.56 million tons over the same period last year with a growth of 12 percent, the highest rate since 2011.

China seeks to reduce overall financing costs for micro and small businesses as part of its efforts to deliver notable progress in addressing their financing difficulties, according to a Chinese Cabinet meeting on Thursday.