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As China and the EU are partners instead of rivals, Wang said bilateral exchanges should be mutually beneficial, rather than a zero-sum game where one's gain is another's loss.

As China's interest rate system becomes more complicated, due to the so-called "liberalization reform", Sun Guofeng, head of the monetary policy department of the PBOC, clarified on Thursday what "cutting interest rates "means in the reformed system.

Apple also faces challenges from domestic smartphone makers in China such as Huawei and Xiaomi, which have grabbed more market share.

Approved last month, Luxturna is the nation's first gene therapy for an inherited disease. It requires a 45-minute operation in which a tiny needle delivers a replacement gene to the retina, tissue at the back of the eye that converts light into electric signals that produce vision. The therapy will cost 5,000 per injection. The price does not include the cost of the operation, which Spark estimates will cost between ,000 and ,000.

Artificial intelligence has never been integrated so closely into robotics, as domestic competitors on the market are gearing up to be at the forefront in the race towards a smarter and more automated journey.