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Chinese bike-sharing giant Mobike Technology Co Ltd announced on Monday it would roll out its services in Australia as part of a bid to expand its overseas presence, faced with mounting competition from its rival Ofo Inc outside China.

Chinese director Chen Kaige, who heads the jury for the festival's cutting-edge Platform section, said he is optimistic that Chinese films eventually will be recognized worldwide.

Chinese bombers also conducted training exercises after passing over the Bashi Channel and Miyako Strait. The H-6K bombers took off from an inland airport in north China, according to Shen.

Chinese automaker FAW Group, established in 1953 in Changchun, set up an overseas investment company in September with five Chinese firms to accelerate its expansion in countries involved in the Belt and Road Initiative.

Chinese healthcare and medicine regulators have also made efforts to reform the drug review and approval system, which shortens time for a new drug to be widely used and encourages innovations and enables investors to achieve returns in a shorter period of time, said Song Ruilin, executive president of China Pharmaceutical Innovation and Research Development Association, at a recent conference.