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Artificial intelligence will inject new impetus to traditional sectors such as automobile and healthcare, as the cutting-edge technology is ready to revolutionize the way people communicate with machines, company executives said on Thursday.

As China will continue the deleveraging process targeting some key areas, it is hard to see a large rebound of money and credit data in the following months, which is also depressed by the economic growth headwinds, said Wu Ge, chief economist of Changjiang Securities.

As Peter Varghese, the former head of the Department of Foreign Affairs and Trade and now chancellor of the University of Queensland, observed in August last year: "For Australia, there is no sensible alternative to engaging China.… The notion that global technology supply chains can be divided into a China-led system and a US-led system is both economic and geopolitical folly."

As China tries to transition its economic growth model to one that draws strength from innovation, the last thing that the regulator wants to do is to turn away firms in the new economy sector, which has contributed to a growing share of the economy.

Araujo said he will push for a policy that is "effective for the national interest" in order to make Brazil a more prosperous country.