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By coproducing blockbusters, filmmakers from abroad hope to enter the Chinese market, the world's second largest

CCCC Tianhe Mechanical Equipment Manufacturing Co plans to export more tunnel boring machines, or TBMs, and provide related services to the ASEAN market over the next 10 years, as it believes that demand for such products will surge as many countries are seeking to create jobs and stimulate trade flows via mega infrastructure and transportation projects, which require tunnels.

CCB International (Holdings) Limited, an investment services company owned by the bank, contributed 130 million yuan ( million) to a contract fund that invested in the equity of Zhongpin Food, paving the way for the company to list on China's A-share market.

By the time 2018 rings in, around 350 million consumers will have likely used such services, spending more than 200 billion yuan (.2 billion), higher than 160 billion yuan spent last year, which itself was up 33 percent from the 2015 level.

ByteDance will need to comply with approval procedures under China's latest revision to the catalog of technologies that are subject to export bans or restrictions, regarding the potential sale of the videosharing app's US operations. The Ministry of Commerce and the Ministry of Science and Technology, released the revised catalog on Friday, adding a total of 23 items subject to export restrictions.