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Chongqing will speed up building a cross-border land-sea trade corridor so it can play a leading role in the Belt and Road Initiative, local authorities said on Wednesday in Beijing.

Chinese tech companies including Alibaba and Baidu also announced plans to establish AI innovation centers in Shanghai. Baidu will establish its Shanghai innovation center, developing over 110 AI projects. Sense Time Group, a Chinese AI company, is developing its new supercomputing center in Shanghai, which will have a computation power of more than 500 petaflops (a petaflop is 1,000 trillion) per second.

Claire Zhao, an analyst at global market consultancy IDC, said VR and AR devices have become more popular during the COVID-19 epidemic, with their recent application in education accounting for 23.8 percent of all VR/AR devices in China.

Christine Lee, a leading Chinese lawyer practicing in the UK and chairwoman of British Chinese Project, said the principle of "one country, two systems" has been applied in both Hong Kong and Macao, the two special administrative regions.

Chinese smartphone vendor Vivo unveiled its premium 5G smartphone NEX 3 5G on Monday night.