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Robin Li, CEO of China's online search Baidu, said during his speech during the expo that artificial intelligence could be the biggest driving force in human history in the next 30 to 50 years.

Retail sales of consumer goods, a major indicator of consumption growth, declined 2.8 percent year on year in May, rebounding from a drop of 7.5 percent in April, NBS data showed.

Rosen, of the Rail Working Group, said such investment "is welcome and, without doubt, governments coming out of the crisis should now be looking at the way that they invest in transportation", with a view to encouraging more environmentally friendly freight transportation.

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Review requirements related to equity management, anti-money laundering and anti-terrorist financing were also added in the regulations.

Retail sales of Anta branded products in the fourth quarter increased by 20 to 25 percent. Other brands－excluding brands newly added to the group since Oct 1, 2016－grew 85 percent to 90 percent year-on-year.

Retail sales of consumer goods rose 8.2 percent year-on-year in the January-September period. Excluding automobile sales, the growth rate reached 9.1 percent.

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Rival app Douyin, which claimed to have 400 million daily active users by January, is poised to dish out a generous 2 billion yuan. To take a slice of the pie, people need to participate in a variety of interactive games and sign up for lucky draws at designated periods.

Roughly the size of Germany, the region encompasses Shanghai and the provinces of Jiangsu, Zhejiang and Anhui. It contributes roughly a quarter of the country's GDP and a third of its foreign trade and investment.

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Rouhani is scheduled to arrive in Tokyo on Friday to meet Japanese Prime Minister Shinzo Abe.

Retail sales in rural areas rose 12.3 percent in the first half, outpacing the 10.1 percent expansion for urban areas.