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Chinese car sales totaled 12.32 million units in the first half of this year, a decrease of 12.4 percent year-on-year, according to stats released Wednesday.

Chinese pharmaceutical company Baheal Pharmaceutical Group and Japanese companies SATO and Itochu sign agreements to distribute SATO's high-end functional skin care products in China. [Photo provided to chinadaily.com.cn]

Chinese entities and individuals have ploughed more than billion into overseas soccer investments since late 2015.

Chinese companies are ahead of the curve in digital transformation and they will help drive the country's development, as well as the development of partners along the Belt and Road routes. The partnerships in technology and innovation, which will be built between China and other economies, will provide a good foundation for multilateral cooperation.

Chinese leaders have stressed the importance of the innovation-driven development strategy on multiple occasions.