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China's first cross-border freight services were launched by local railway authorities, with a route's name usually made up of the departure city, the border port and the destination: Chongqing-Xinjiang-Europe, for example.

China's mobile payment platforms, including Alibaba's Alipay, Tencent's WeChat Pay and UnionPay's QuickPass, are rapidly expanding their international footprints, pioneering a global payment revolution to determine how money changes hands.

China's downstream rare earth companies have slowed production and operation activities this year due to COVID-19, said the Ministry of Commerce on Thursday, when commenting on the drop in the country's rare earth exports in the first seven months.

China's home appliance sector saw a strong rebound during the second quarter of this year, with total revenue rising by 2.64 percent on a yearly basis to 248.6 billion yuan (.6 billion), on the back of a healthy surge in online e-commerce retail, a new report said.

China's efforts to invest in new infrastructure at home will increase the resilience of global supply chains. This is because, as one of the most important nodes in the global value chain, China is a critical link in the supply, production and distribution channels of companies across the world, many of which have no physical presence in the Chinese market, he said.