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Artificial intelligence automation, consumption upgrades in smaller cities, as well as the overseas market will be the next investment hotbeds, he predicted.

Artificial Intelligence is transforming every industry and the government plays an important role in developing AI technologies, said Andrew Ng, a well known scientist in AI and deep learning.

Ardern said that while she is on leave, she would be finding her way as a new parent.

Archer Daniels Midland Co, or ADM, a United States-based grain trader and processor, is setting up a raw-food material plant in Jiaxing, Zhejiang province, next year to supply raw materials and other products to the Asia-Pacific market, according to a senior executive.

Around 300 government officials, leaders of international organizations and academicians attended the forum.