Mark Zuckerberg, CEO of Facebook Inc, told an audience at the China Development Forum in Beijing on Saturday that he predicted more great advances for AI within the next decade.
Different forms of capital will be encouraged to enter the environmental protection industry, a top official said on the China Development Forum on Monday.
Environmentally-friendly sectors need government's support in their infant stage, when their social benefits outweigh economic benefits.
Global CEOs attending the China Development Forum currently underway in Beijing said they have a better sense of policy direction, and are upbeat about the country's outlook.
China is making progress against wasteful government spending as it overhauls a rigid fiscal management system tied to GDP and revenue growth, Finance Minister Lou Jiwei said on Sunday.
China is capable of ensuring financial stability and preventing systemic risk, despite the expansion of nonperforming loans, according to a senior banking official.
The yuan's exchange rate will remain stable, despite some fluctuations in the short term, said a senior central bank official during the China Development Forum in Beijing on Saturday.
China's central bank Governor Zhou Xiaochuan shrugged off concerns about the rapid decline of the country's foreign exchange reserves, saying it is natural to see some capital outflows after years of explosive accumulation.
Managing Director of the World Bank Sri Mulyani Indrawati and International Monetary Fund’s Christine Lagarde say China will achieve its target.
Finance Minister Lou Jiwei has shrugged off the lowered outlook on China's sovereign credit ratings by US ratings agency Moody's Investors Service.
Central bank governor Zhou Xiaochuan said the country will encourage more equity financing to bring down corporate debt leverage.
China has lowered this year's growth target to the range of 6.5 to 7 percent amid supply-side structural reforms.
Following the National People's Congress and the Chinese People's Political Consultative Conference (CPPCC), business elites home and abroad, Nobel laureates and leaders of international organizations will gather in Beijing once again to discuss the new Five-Year Plan.
Initiated in 2000, the China Development Forum, will be held on Mar 19-21 this year at the Diaoyutai Guesthouse in Beijing.
The forum under the principle of "Engaging with the world for the common prosperity" has played a big role in China's policy exchange and collaborations with the world.
