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Artificial intelligence will play an important part in China's supply-side reform as the cutting-edge technology is expected to reshape various sectors such as retail, manufacturing and healthcare, top company executives said Monday at a forum of the fourth World Internet Conference.

Around 23 percent of global smartphones had AMOLED display panels last year. The figure is expected to reach 64 percent in 2021, according to Sigmaintell.

As China further implements the Belt and Road Initiative, some large domestic payment processing companies have realized the importance of business expansion overseas. They will help promote the international use of the renminbi through the internationalization of payments services, he said.

Apple also operates its own network of data centers to power its own cloud services, which are a growing point of emphasis for the company as smartphone growth slows. It’s not clear how large a percentage of Apple’s workloads run on AWS, but as a point of comparison, Pinterest — which runs everything on AWS — committed to spending 0 million over a five-year period in 2017.

Around 5.9 million yuan in special funds were allocated by the Office of Science and Technology in Inner Mongolia, to financially support the construction of a production demonstration line at the Baotou Rare Earth Research Center.