In spite of this, overall risks are still under control, said Qi Jianming, full-time executive vice-chairman of the association.
In terms of China's economic achievements, Wang said that China has made great contributions to the world's development while realizing its own development. "China's contribution rate to world economic growth has remained above 30 percent for many years, becoming the main engine of global growth."
In terms of AI, BAIC Group is teaming up with Baidu, China's largest search engine operator, to work on autonomous cars.
In recent years, a number of financial crimes, including pyramid schemes, have used the internet to become a serious threat to economic safety and social stability, and have aroused a lot of attention from the public and media.
In recent years, the company has made moves to advance in the field, as both the central and local governments are eyeing the potential of hydrogen fuel cells to upgrade the manufacturing industry, and to achieve green and sustainable development.
In terms of standards formulation, relevant standards related to supply chain, food safety and production within the SCO countries also needs to be established.
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In terms of trading partners, Hebei reported an increase of 17.6 percent, 48.1 percent, 10.8 percent and 50.5 percent in imports and exports with Australia, ASEAN, the United States and Brazil, respectively.
In terms of age, the post-1995 generation's entertainment consumption increase is the fastest, especially for concerts, where almost three out of every ten audience members are young students. Yet, the strongest spending power remains with young and middle-aged individuals aged 25 to 39-year-old, accounting for 55 percent.
In return, he accepted gifts and money worth over 14.77 million yuan, either by himself or through "specific affiliated persons," it said.
In response, local manufacturers have been quick to embrace automation and adopt AI-assisted robots for survival.