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By the end of 2019, the company's cumulative initial investment reached .7 billion and it had overseas refining capacity of 7.5 million tons/year, storage capacity of 1.36 million cubic meters, lubricant grease production capacity of 80,000 tons/year and NBR production capacity of 10,500 tons/year.

By hosting a number of important international events during the past five years, China has adopted an active approach to diplomacy amid efforts to improve global governance, analysts said.

CEC said it will invest tens of billions of yuan and nurture an elite team of over 10,000 researchers to develop a domestic operating system in the next five years.

CFIUS' stance has toughened as Trump seeks to put pressure on China to help tackle North Korea's nuclear ambitions and be more accommodative on trade and foreign exchange issues. Unfilled political vacancies at several government departments and agencies have also made it more difficult for CFIUS to approve deals.

By the end of last year, China's urbanization rate－the proportion of population regularly living in urban areas－was 59.58 percent, versus less than 20 percent four decades ago when the country initiated reform and opening-up, said data from the National Bureau of Statistics.