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As China's first self-developed general-purpose microprocessor, Loongson is already widely used in the personal computers of government agencies, the army and other sectors. According to Hu, under the partnership, Loongson will use Hunan Goke Microelectronics as the preferred domestic solid state drive supplier for its follow-up motherboard program, and the latter will use the former as the preferred supplier of embedded IP for its future chip products.

Apple declined 0.39 percent. It reported a slight uptick in year-over-year revenue on Thursday despite supply chain disruptions and closure of its stores in China and worldwide due to the coronavirus pandemic. Apple offered no earnings guidance for the current quarter because the pandemic creates too many unknowns.

As Bosch has invested 48.5 billion yuan in China's manufacturing and innovation sectors over the past decade, he said the company will make every effort to ensure sustained and stable supplies to meet increasing demand from the Chinese market as the company seeks to tap into development opportunities and spur its future growth in China.

As China Unicom and China Telecom are beating China Mobile in adding new 4G users, China Mobile has accelerated its moves in 5G to maintain its leading position.

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.