Zhang, however, believes most companies are still taking a “wait-and-see attitude” before embracing new technologies and digital transformation.
Zhang, now 55, had been sentenced to 18 years in prison for fraud, embezzlement and corporate bribery by a local court in Hebei province in 2008. A second ruling in 2009 upheld the guilty verdict but reduced the sentence to 12 years.
Zhang said the initiative is guided by the principle of pursuing shared benefits through consultation and cooperation, and all participants are equal partners. It is an open and inclusive platform and does not exclude or target any country, but it is open to all those who are interested, he said.
Zhang said CCTV lost the media rights to the Bundesliga last year, while PP Sports, a livestreaming platform under China's retailer Suning.com Co, has secured exclusive linear and digital rights to the league's fixtures broadcast on the Chinese mainland for the next five years, until the conclusion of the 2022-23 season.
Zhang pointed out that the Chinese tech companies which participated last year were mainly in the mobile app, businesses and consumer products industries. The companies attending this year include some of the biggest names and industry leaders in artificial intelligence.
Zhang said the 19th CPC National Congress set the direction for reform and development of the role of lawyers. The report adopted at the congress stated that "the Party exercises overall leadership over all areas of endeavor in every part of the country."
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Zhang said the full takeover underscores Alibaba's long-term commitment to driving the development of the chip industry, a capital-intensive business that is likely to deter smaller firms.
Zhong said China has entered a "golden age" for science research and commercialization due to the high expectations and support by the nation and its people for the scientific community.
Zhang searched everywhere in the city for edible bamboo. He even chopped down wild bamboo and visited the city's botanical garden searching for food.
Zhou Xiaochuan, governor of the People's Bank of China, China's central bank, said further opening up helps to build a strong and competitive financial sector in China.