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"By highlighting various sectors, these internet giants are competing for the portal to keep existing users and acquire new ones," Wang added.

"By supporting this sector with cheap credit, market access for their products and encouraging innovation, it will create avenues for partnerships that Chinese enterprises are looking for," he says. "Supporting a culture of pursuing further education would also boost their competitiveness."

"China opposes an arms race and works to safeguard global strategic balance and stability. Moving forward, China will continue to firmly uphold multilateralism and actively participate in multilateral arms control processes to contribute to the maintenance of international peace and security," he said.

"China cherishes the two countries' high-level political mutual trust and strategic coordination, and will continue working with Russia for new outcomes in bilateral relations," said the spokesman.

"China has shown itself to be a vivid example of the benefits that can flow from the active hand of government in investment in infrastructural development," Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, said in a recent interview.