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China's smart logistics market is projected to grow fivefold to 1 trillion yuan by 2025, an emerging segment that is poised to drive the next phase of growth in the world's largest logistics market, which hit 11 trillion yuan in 2016, said He Liming, head of China the Federation of Logistics and Purchasing.

China's third-party mobile payment market has been growing rapidly in recent years with key players such as Alibaba's Alipay and Tencent's Tenpay dominating the industry.

China, the world's largest producer of rare earths, will take key measures in a new push to better exploit rare earth resources, rectify market order and improve management of the market, said the country's top economic regulator.

China-CEEC cooperation has seen enormous achievements, beyond expectations, in many areas, Li said. For example, the first three quarters has seen bilateral trade up by 14.1 percent. And over the past five years, Chinese investment in the region has doubled and the number of Chinese tourists to CEE nations has tripled to about 1 million.

Chinese State Councilor and Foreign Minister Wang Yi meets with Indonesian Foreign Minister Retno Marsudi on July 30, 2019. [Photo/fmprc.gov.cn]