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Chinese home appliance makers have ramped up efforts to tap into the 5G-powered 8K ultra-high definition television sector, which is seen as the development direction of display technology and a must for enterprises seeking new business growth, said industry insiders.

Chinese companies invested a total of billion in 5,159 enterprises from 154 countries and regions in the first three quarters of this year. The investment mainly went to leasing and commercial services, manufacturing, wholesale and retail, as well as information technology sectors, data from the Ministry of Commerce showed.

Chinese liquor exports only accounted for less than half of the imports in terms of total value last year.

Chinese companies are also working on projects to benefit Colombia's environment and people's health, such as a water treatment plant to supply the Bogota region. Trina Solar is building a giant solar plant in Colombia's eastern savannas that will produce up to 27.2 megawatts. BYD Auto, the largest supplier of electric buses to the country, is changing much of its fleets from diesel to electric.

Chinese companies are undergoing digital transformation at a rapid pace in an effort to improve the speed and efficiency of their operations. This is causing a rise in the cybersecurity and data privacy risks they face, thus making it more challenging to build digital trust.