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Chinese carmakers are stepping up forays into overseas markets in the hope of increasing sales and bolstering their image amid fierce competition at home.

Chinese electric vehicle startups Nio and Xpeng Motors have decided to share charging services to make life easier for their customers in the world's largest electric vehicle market.

Chinese companies are ahead of the curve in digital transformation and they will help drive the country's development, as well as the development of partners along the Belt and Road routes. The partnerships in technology and innovation, which will be built between China and other economies, will provide a good foundation for multilateral cooperation.

Chinese enterprises are involved in several big national projects in Israel, including the construction of the first Tel Aviv Light Rail and the Ashdod Harbour, said Katz, who noted that the Chinese enterprises doing investments in Israel are now enjoying a sound relationship with their Israeli partners.

Chinese enterprises are responsible for 85 percent of the project's module construction. They have built seven transport ships and are in charge of the operation of 14 out of the 15 LNG carriers, according to CNPC.