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China Chengtong is a pillar centrally controlled State-owned enterprise under the supervision of the State-owned Assets Supervision and Administration Commission with assets totaling 100 billion yuan (.7 billion). The group's major business includes equity operation, financial services, asset management and integrated logistics.

China Road and Bridge Corp has also helped young Kenyans to acquire railway skills. The company has offered scholarships to 60 Kenyan students so far to pursue various railway and train-related engineering studies at Chinese universities.

China Investment Corp. [Photo by Wu Changqing/For China Daily]

China Telecom also said in a statement that the 5G licensing will be a key step to build the country into a cyber power. It is also conducive to gaining a competitive edge in the telecom sector, which will help drive technological innovation, embrace industrial upgrading as well as boost high-quality economic growth, the company said.

China accounts for less than 3 percent of overall EU foreign direct investment, whereas Chinese investments in Europe are rising, but from an even lower base. The EU currently has a trade deficit with China.