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Cainiao said it would launch such warehouses in Shanghai, Tianjin, Zhejiang, Guangdong and Hubei before Nov 11.

CIMB Research's analyst Mohd Shanaz Noor Azam is also positive on the deal as this should expedite a turnaround for Proton.

Cainiao President Wan Lin speaks at the virtual conference, on June 23, 2020. [Photo provided to chinadaily.com.cn]

Calling Tajikistan one of China's closest partners in cooperation on the Belt and Road Initiative, Xi said the two countries have become prime examples of pursuing shared prosperity on the basis of mutual synergy.

Cai Jianbo, CEO of Union-Pay International, said the company is seeking to "serve cardholders globally" and "grow together with partners globally".