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"Currently in China, AI is transforming traditional industries. However, the process has faced huge bottlenecks due to the lack of talents in the country," said Kaifu-Lee, chairman and CEO of Sinovation Ventures, the initiator of DeeCamp.

"Corporates are forbidden to take guarantees from local governments," said a notice published on the NDRC website, an indication that companies should repay borrowed funds and take risks on their own.

"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.

"Construction of Xiongan New Area will combine both Chinese and Western features, focusing on traditional Chinese style," he said. "We will use ancient and modern Chinese elements to create a city landscape that meets or exceeds international standards."

"Chinese Canadians and Canadians, therefore, must learn, preserve and educate current and future generations so history is not repeated. We will continue the efforts for the protection of justice and social justice for all Chinese Canadians," said Choi, adding that it was heartening that the Chinese Canadians of today are participating as full members of Canadian society.