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Daimler is acquiring a stake of around 3 percent in Chinese battery cell maker Farasis Energy as part of efforts to ensure a secure supply for its subsidiary Mercedes-Benz' ambitious electrification strategy, the German group said on Friday.

Data from the ministry show that China has cultivated around 50 industrial internet platforms that have regional influence by the end of 2018, with a large quantity of industrial equipment connected to the internet.

Days after the Argentina meeting, China's Ministry of Commerce had said that in 90 days, economic and trade teams of both sides would "actively push forward" the consultation following a clear schedule and road map.

Deep in the hilly woods of Sri Lanka, a water plant project is under construction by Chinese and local workers. By early next year, it aims to bring clean and safe water to 600,000 nearby residents.

David Wu, senior partner of PwC China's Beijing branch, pointed to China as a staunch defender of economic globalization.