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China's largest shipping group is beefing up its operations to compete against global rivals as it pursues business opportunities thrown up by the Belt and Road Initiative.

China's largest cinema chain operator Wanda Film said on Tuesday it expects to report a net loss of 1.5 to 1.6 billion yuan (4 to 8 million) in the first half of the year as COVID-19 forced it to shut down theaters.

China's outbound direct investment in economies involved in the BRI rose 12 percent year-on-year to .6 billion between January and August this year, according to data from the Beijing-based China Council for the Promotion of International Trade. These countries accounted for 12 percent of China's ODI in 2017.

China's goods trade income came in at 1.57 trillion yuan with an expenditure of 1.16 trillion yuan, leading to a 405.6 billion yuan surplus, the data showed.

China's first domestically produced single-aisle passenger jet, the C919, is expected to take to the sky for its maiden flight on Friday, as the country endeavors to meet soaring domestic travel demand and break the global market duopoly of Boeing Co and Airbus Group SE.