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"China is at the forefront of cutting-edge technologies, especially artificial intelligence (AI) and other technologies and also the implementation of digital technologies in all walks of life, in transportation, machines, robotics and everything," Vardi, chairman of International Technologies, told Xinhua during the World Economic Forum (WEF) annual meeting here on Wednesday.

"But today, I want to use this opportunity ... to announce that I am ending my campaign for president," Moulton was to say at a speech before a Democratic National Committee meeting in San Francisco, according to remarks provided by his campaign.

"Cambricon's IP is quite good, but it is not enough to meet our needs to have chips that can support all AI application scenarios. We want to have an architecture that can deliver both extremely big computing capacity and extremely low-power consumption," Xu said.

"China is a very important player now," Lora Chen told Xinhua. Chen is a Chinese entertainment specialist who joined the DH's China panel, and the president of iQica, a Los Angeles based Film Production and Service Corporation.

"By 2020, the annual production capacity will increase 45 percent and the value of annual output will reach billion, contributing to the creation of more jobs and tax," Ge said.