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Online channels have also been a significant driver of the growth of Chinese consumption and, coupled with the enormous scale of the offline channel, this is a powerful dual-engine for sustainable growth - Nielsen data shows overall growth for FMCG at 13 percent, of which online and offline sales channels account for 32 percent and 4.9 percent respectively.

Ongoing demand from China for Australia's biggest export, iron ore, is set to boost Australia's trade outlook for the coming months, according to ANZ senior economist Jo Masters, which has also been bolstered by a strong growth in farm exports.

Other companies including Alphabet and UPS are developing their own drone delivery systems. Alphabet’s Wing arm has increased its drone-powered deliveries amid the pandemic.

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Oswald Chan and Luo Weiteng in Hong Kong contributed to this story.

Organized by the ministry, the symposium gathered chiefs of municipal departments and bureaus of justice under central government, provinces and autonomous regions.

Otis Corp, a US manufacturer of elevators and escalators, opened its new escalator factory in Haining, Zhejiang province, on Wednesday. The facility incorporates intelligent manufacturing and advanced automation to produce high-performance escalators and moving walkways.

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Operating revenue and profit showed double-digit growth although the State-owned company declined to disclose detailed financial figures.

Online travel search engine Hopper, a stealth startup led by former Expedia employees, has raised million from Atlas Venture and Brightspark Ventures. The Montreal-based company is led by?Frederic Lalonde, who sold Newtrade to Expedia in 2002 and served as vice president of the travel giant’s Direct Connect business.

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Other projects include telemedicine and capacity building for medical staff at various centers of excellence across the globe.

Other tech giants like Alibaba Group and Baidu Inc are also investing heavily in the sector with an eye on attracting more AI talent.