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As China steers the new normal of economic development, foreign investment faces new challenges, but the fundamental need for steady growth of foreign investment remains unchanged, said Wang.

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.

Apptio, which went public this past September, has also noticed that when companies are deciding between cloud vendors, sales and service support is paramount.

Apple Inc is the most profitable company among the 500, with its 2016 fiscal year profit coming in at .7 billion (which was down 14.4 percent year-on-year). It is expected to be the first company with a market cap of over $ 1 trillion－its market cap on Thursday was 9.3 billion.

As China works toward manufacturing excellence, ambition and humility are both on display. Chinese companies have a genius for devising technologies that are cheaper, more adaptable and sometimes better than Western equivalents. The deepening digital ethos is creating fertile ground for titans and startups alike to come up with novel applications while disrupting traditional industries.