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Apple CEO Tim Cook visits an Apple store in Shanghai on Tuesday. [Photo/Agencies]

Artificial intelligence and the cloud-based internet of things are two major application areas where China's homegrown chips can have a good chance to compete with global players, internet titan Alibaba Group's technology chief said on Saturday.

As China published a white paper on Sunday denouncing US unilateral and protectionist measures, foreign business and trade experts said that protectionism must be avoided as it is shortsighted and will have an adverse effect on the global economy in the long run.

Applicants favor categories of food, strength and big crowds

As BMW introduces more exciting new models, like the all-new X2, and increases supply of the X3 in the second half of this year, Nota said he is confident it is the start of another record year for the company.