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Chinese e-commerce giant JD will continue to increase investments in the supply chain network and apply more cutting-edge technologies, such as 5G, artificial intelligence and internet of things technologies into this sector.

Chinese consumers opened their wallet during Spring Festival, not only on things like digital home appliances and imported fresh food but also on experiences such as travel and entertainment, government figures showed.

Chinese companies have been operating in Panama for years, and their number is due to increase as the newly established ties between the two countries have spurred bilateral business and investment, Wei said.

Chinese investors have been keen to buy European football clubs over the past few years. The outright purchase of AC Milan, by a Chinese consortium for 520 million euros (6 million) in April, was among the highest profile deals yet.

Chinese e-commerce giant JD will invest 2 billion yuan (2 million) over the next three years to establish the headquarters of its unmanned delivery vehicles in Changsha, capital of Hunan province.