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China and Australia have differences of opinion in relation to certain matters, but what matters is to approach the differences in a respectful and constructive manner, Ciobo told reporters after addressing a speech at Australia’s National Press Club on Wednesday.

China Wu Yi (Kenya) Precast Company Limited was incorporated in August last year and aims to revolutionize the real estate sector in Kenya and the wider eastern African region through adoption of precast technologies to construct houses.

China National Cereals, Oils and Foodstuffs Corp (COFCO), the country's biggest food supplier by volume, plans to increase the proportion of State-owned capital involved in agriculture, grain and oil businesses to 80 percent by 2020.

China aims to increase its annual domestic crude oil output to more than 200 million tons by 2020.

China and Russia are making new progress in new areas such as the digital economy, technological innovation and small and medium-sized enterprises, while promoting cooperation in traditional areas such as energy, transport, production capacity equipment and agriculture, Li said.