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China National Offshore Oil Corp, the nation's largest producer of offshore oil and gas, has also purchased a 10 percent interest of the Arctic LNG 2 project, the second largest onshore conventional natural gas project led by Novatek.

China Railway Group Ltd was contracted to undertake the project construction work in 2014.

China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that trains on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.

China National Machine Tool Corp is responsible for soliciting exhibitors for the high-end and intelligent equipment show area. Liang Feng, the corporation's president, said during the meeting on Wednesday that the total exhibition area for such equipment would cover 33,000 square meters, accommodating more than 160 overseas companies. Eight of the world's top 10 machine tool companies, as well as all the world's top five cutter manufacturers, will take part in the first CIIE.

China aims to upgrade its industries to get a piece of the commercial action in such finished products. Whereas the country has been mainly a miner and shipper of rare earths in the past, it now seeks to become a top refiner and manufacturer.