The expansion can be attributed to booming mobile internet technologies and advanced e-payment methods, Nie said.
The expected investment boom will likely help bolster China's overall fixed-asset investment, which increased by 8.3 percent year-on-year in the first seven months, down from 8.6 percent for the January-June period.
The event, named "China 5G + Industrial Internet Conference," will last three days, during which forums and dialogues will be held and major projects will be inked. It will help support Hubei's post-epidemic economic recovery and development.
The fall narrowed by 4 percentage points from that in the first four months.
The facial recognition tool, launched in 2010, suggests names for people it identifies in photos uploaded by users-a function which the plaintiffs claim runs afoul of Illinois state law on protecting biometric privacy.
The expansion can be attributed to booming mobile internet technologies and advanced e-payment methods, Nie said.
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The festival will last until March 15. During the festival, nearly 300 tourism and cultural themed activities will be held, and 10 tourist routes will be launched featuring ancient town characteristics.
The exhibition venue, the National Exhibition and Convention Center (Shanghai), is now closed.
The figures were unveiled at a time when China has become the world's second-largest source of overseas investment.
The executives said the initiative has brought Chinese enterprises many development opportunities. Countries and regions involved in the initiative have a big demand for infrastructure construction, which represents a huge opportunity for engineering machinery companies, they said.