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To do that, insurers and regulators should mitigate risks in key fields, improve defenses and optimize risk emergency and response systems, he said.

Time-honored local restaurants have reopened one by one in the Yu Garden old town since late March. Korean food carts on Hongquan Street resumed operations on weekends from April. And fast-food fans lined up on the commercial boulevard, Huaihai Road, to eat at the first Popeyes fried-chicken store on the Chinese mainland in May.

Tjahjadi, from Burgreens, said the pandemic could lead to a gradual behavioral change among Indonesians, adding that even before the outbreak, a growing number of people had started to care about where their food comes from.

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To achieve this growth potential means going beyond using AI to do things differently and, instead, using it to do different things. For example, JD.com, the online retailer, is exploring AI to improve internal operations through unmanned warehouses and drone delivery, but is also applying it to personalize the shopping experience and develop new products and services. Alibaba partners with SAIC to connect their cars to the internet and is introducing new cloud-based AI services targeting the health care and manufacturing sectors.[ii][iii] Tencent, the provider of WeChat, is developing virtual assistants and autonomous driving among other applications.

To eliminate bad outcomes from trade tensions, further opening-up in China's services sector, together with high-tech development supported by artificial intelligence, will help lift Chinese economic growth from 6.3 percent to around 7 percent by 2035, said Zhu Min, a former deputy managing director at the IMF.

To further deepen bilateral business ties, Liu He, director of the General Office of the Central Leading Group for Financial and Economic Affairs, held talks in the US on Thursday with White House National Economic Council Director Gary Cohn, US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer.

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To date, over 23.98 billion yuan has been distributed, as well as 466 million items of supplies, he said, adding that it provided solid proof that people are donating generously.

To ensure medium to long-term sustainable growth, one area that needs attention is further implementation of the reform agenda for State-owned enterprises, Lipton said.

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To encourage entrepreneurship, the government will extend guarantees to eligible firms and individuals in their applications for loans up to 3 million yuan (0,000) and 150,000 yuan, respectively. Laid-off workers in areas with employment difficulties will be provided free office space to start their own businesses.

To date, three residential areas have completed sewage discharge rectification and preparation for further efforts in four other residential areas continues.