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China and Israel have also become increasingly important cooperation partners in the innovation sector. China has a huge in market and is a leading manufacturer, while Israel is one of the leading nations in innovation. Chinese IT giants, such as Alibaba, Baidu and Tencent, have already made investment in Israel to conduct the research and development.

China Daily Hong Kong's business team also won three news awards this year, one more over last year. Also winners during the previous year, Zhou Mo was given first Runner-up in Business News Writing, and Luo Weiteng and Chai Hua were jointly awarded second Runner-up in Business News Reporting for their combined series on the retail revolution this year.

China Railway Rolling Stock Corp or CRRC, the world's largest railway vehicle manufacturer by sales revenue, is riding an export boom of late.

China National Petroleum Corp, the nation's largest oil producer, which built 23 of China's 25 gas storage facilities, started injecting gas into an underground storage facility in Southwest China's Chongqing in April, marking the beginning of the stockpiling season for the heating fuel over the next six months.

China and Russia agreed to promote major strategic cooperation programs in the energy sector, accelerate energy equipment cooperation and enhance standard docking in energy cooperation.