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China Investment Corp's executive vice-president, Qi Bin, said one measure to further open the financial service sector is to facilitate cross-border investment. A rise of cross-border investment will help ease trade tensions and lower the market threshold for foreign investors, which "will substantially develop the local financial market", Qi said.

China Vanke Co Ltd's .6 billion acquisition of property developer Global Logistics Properties Ltd made it the most generous spender. In total, seven deals involved transaction volumes of more than billion.

China Southern Airlines Co, the largest airline by fleet size in Asia, said earlier this week that Qatar Airways Group now holds a 5 percent stake in the company by acquiring 14,600 of its total issued shares.

China and the EU need to remain committed to the overall direction of economic globalization. In his speech at the World Economic Forum in Davos earlier this year, President Xi Jinping underscored China's commitment to upholding free trade and put forward the proposition of making economic globalization more open, inclusive, balanced and beneficial to all. His message has given a boost to people's confidence in economic globalization.Powered by trade and investment liberalization and facilitation, economic globalization has always been and will continue to be a major driver for sustained global growth. Just as there is no panacea in the world which does not involve any pain, economic globalization is not problem-free. We need to face up to these problems and make efforts to address and alleviate their adverse impacts. In any case, one cannot stop eating for fear of choking, to apply the brakes on economic globalization or try to reverse course is neither advisable nor consistent with the historical trend. The most urgent task now is to uphold free trade, re-energize trade and investment, push the global economy onto the track of steady recovery and spread the benefits of economic globalization to more countries and communities. Both being beneficiaries of free trade, China and the EU should also be its staunch advocates.

China Literature Co-Chief Executive Officers Liang Xiaodong (left) and Wu Wenhui pose during the pre-IPO launch conference in Hong Kong on Oct 25.BOBBY YIP/REUTERS