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Colombo Port City was jointly developed by the Sri Lankan government and China's CHEC Port City Colombo Ltd. It is the country's largest foreign direct investment project and is expected to attract billions of US dollars in investments in the coming years.

Companies make headway with JVs and acquisitions in BRI economies

Commercial banks lent more money to small and micro businesses and in individual housing loans in 2016, and much less to industries suffering from overcapacity, according to Pan Guangwei, executive vice head of the CBA.

Compared with many countries in the West that are still transitioning from desktop-based operations to smartphones, China's mobile internet is the most innovative.

Commenting on some State-owned banks and enterprises having provided liquidity support for or merged with private enterprises recently, Liu said it is a good sign of "the mutual dependence and cooperation between SOEs and private enterprises".