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Innovations have resulted in expanded business, as the company achieved a 31 percent increase in revenue, to 2 billion yuan, from January to May. And the company's products are exported to 15 countries, competing with German and Japanese manufacturers in the international market.

Instead of responding to the US-led crackdown on Huawei with anger, Ren, who is also the CEO of Huawei, said he is still of firm belief that global cooperation is a must to take the telecom industry forward.

Insurance companies will also be prohibited from offering credit risk insurance to companies rated AA or lower.

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Investors were heartened by the progress in the trade negotiations between the world's two largest economies as they await the signing of the first phase of a trade deal agreed on by both sides earlier this month.

Internet giant Baidu set up a national deep learning technology lab in Beijing in March. The lab gathered AI experts from Baidu, Tsinghua University, Beijing University of Aeronautics and Astronautics, and China Academy of Information and Communications Technology.

Instead, it will continue to recruit new staff, ramp up training programs and utilize more platform resources to help create more jobs.

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Iran reported 881 new infections and 54 new deaths on Tuesday, taking the total number of cases to 8,042, with 291 deaths, the health ministry spokesman said.

Invest Europe is an association representing European private equity and venture capital, and their global investors. It commissioned ComRes, an independent research consultancy, to survey 360 investment decision makers at companies from the US, China, Germany, the UK and France in October 2018.

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Ireland expects to welcome 100,000 Chinese tourists per year after the first direct air link between the country and China gets off the ground this June.

Investors now set their eyes on medical infrastructure.