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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.

Apple's iPad regained its top position in shipments in China's second quarter, reaching about 2.76 million units, up 18.7 percent year-on-year and taking a market share of 41.8 percent.

Argentina's Foreign Minister Susana Malcorra said her country plans to join the China-led Asian Infrastructure Investment Bank (AIIB). She made the announcement on May 17 during a meeting in Beijing with Chinese Foreign Minister Wang Yi, CCTV reported.

Apple captured first place with 19 percent global market share, nudging Samsung into second position. Woody Oh, a director at Strategy Analytics, said China's Huawei Technologies Co maintained its third position with a 10 percent global smartphone market share, holding steady from the same level a year ago.

As China continues to make rapid advancements in the AI field and continues to invest heavily into the research and development aspect of this emerging technology, recent studies show that China is poised to become and possibly surpass all others in the pursuit of AI technological eminence.