The country is home to nine of the world's top 20 tech giants, while the United States has the other 11, according to the much-anticipated annual report from Mary Meeker, a partner at venture capital provider Kleiner Perkins Caufield & Byers.
The country has already made great progress in accelerating economic reforms and pushing for a sustainable model of economic growth.
The country's GDP for its first time exceeded 90 trillion yuan (.28 trillion) last year.
The confidence index stood at 48.9 in May, down three percent month-on-month, compared with an 8 percent drop in April, according to China Securities Investor Protection Fund Corp.
The counties of Yanchuan and Yichuan, with populations of 192,000 and 120,000 respectively, located along the Yellow River, have limited fertile land. Villagers had been plagued by poverty for decades.
The coronavirus pandemic has crushed demand for air travel. In response, airlines have canceled flights and orders for new planes.
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The cooperation between the United States and China could not only drive AI momentum across the globe, but also accelerate the creation of a global research and health infrastructure in which harmonized ethical and regulatory standards facilitate sharing of health data and potentiate deep learning, he said.
The contracts were signed at the end of a so-called steel industry chain cooperation and development forum, which?the company jointly held with businesses-to-business e-commerce service provider Zhaogang.com at the expo on Wednesday.
The construction area for the CGGC is nearly 30 square km and started officially at the end of April 2017.
The coronavirus has brought total vehicle sales down this year. But commercial vehicles have been insulated from the pandemic thanks to China's continuous investment in infrastructure.