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As EY found out, Chinese respondents lead their global peers in the adoption of AI technology, with 10 percent already using it compared with 6 percent globally. A majority of 77 percent of Chinese respondents said they will introduce AI into their operations within the next two years, while the number is 66 percent worldwide. Almost 99 percent of the surveyed Chinese companies said they will have adopted AI by 2023.

Apple Inc's dual SIM card design for new iPhones in the Chinese market will resonate well with local consumers, but the lack of a major upgrade is likely to dent their enthusiasm to buy them, experts said on Thursday.

Article 24 of Tort Law states "both parties should share the loss when neither can take sole blame for the loss", which was the legal basis of the district court ruling. However, the higher court disagreed, noting that the article cited would only apply if Yang's behavior had caused the smoker's death.

As Hong Kong's property prices continue to go through the roof, residents have been left with little choice but to opt for smaller homes. CHO SEONG-JOON / BLOOMBERG

As China's outbound investment has become less risky, the government will continue to encourage legal overseas investments, especially in projects tied to the Belt and Road Initiative, and will help with the development of domestic industries, a senior commerce official said on Monday.