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As per the report, the compounded annual growth rate of the AI cloud service of China will reach 93.6 percent from 2018 through 2024. AI capability has become a vital factor for users when purchasing cloud service, IDC said.

As the demands of Chinese consumers continue to increase, we must rise to this challenge by bringing better and more innovative products to market, as well as helping our customers meet those higher expectations through their own products by leveraging 3M innovation, he said.

As some countries continue to grapple with the novel coronavirus and with fears of a second wave, Mitter believes a variety of economic factors, ranging from travel to supply chains, will have to be managed more carefully.

As the first director of the commission — the national agency of a new anti-graft and supervisory network that was endorsed by constitutional amendment a few days ago — Yang is expected to play an important role in pushing forward the country's reform.

As the country's largest and oldest exhibition in the food and beverage industry, the trade fair has attracted upwards of 3,000 exhibitors and 150,000 professional visitors this year. It is expected to consolidate 20 billion yuan (.18 billion) in transactions this year, half of which would be from the alcohol segment that includes wine, beer, liquor and Chinese baijiu.