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Application of AI technologies to socio-economic development should be intensified to advance the industrialization of the technologies so as to create good momentum for the integration of technological innovations with industrial applications, Xi said.

Artificial intelligence is being applied to the energy sector, including minimizing disruptions, reducing costs and optimizing performance. For instance, predictive analytics have the potential to enhance the electricity grid by instantly evaluating terabytes of information to anticipate demand peaks and system stress.

Around 800 delegates from 258 media outlets took part in the event, offering insights on the sector's development trends and innovative and revolutionary collaborations on content, technology and international communications.

Armstrong noted that China has consistently encouraged dialogue between the US and the DPRK, adding since China participated in the Korean War, China will necessarily be part of any formal peace process that converts the Korean War Armistice to a peace agreement.

As China's economic structure has shifted from being industry-led to service-led, the growing service sector, new business models and multiple support policies are also generating more opportunities.