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Chinese business news platform Huxiu.com reported on Monday that Ofo is laying off around half of its employees. Huxiu also said Ofo's overseas department had been disbanded, with three high-level executives leaving the firm. Ofo's co-founder Yu Xin responded on his WeChat account that the information was untrue.

Chinese drugmaker Qilu Pharmaceutical offers the latest example. It invested over million to open an innovation hub and expand its business presence in Boston, the pharmaceutical innovation hub in the United States.

Chinese companies attending the annual Consumer Electronics Show (CES), which will open in Las Vegas on Tuesday, will not only launch new products, technologies and applications during the four-day extravaganza, but push for more cooperation with international counterparts.

Chinese officials have tended to adopt a more upbeat approach. Wang said the EU and China should be partners for free trade. Looking beyond the hoped-for investment treaty, he said: "We should work for an early start of negotiations on a free-trade agreement, or at least the launch of feasibility studies on that front."

Chinese local governments have donated medical supplies to local governments in 19 countries, and Chinese companies have made donations to 20 countries, according to Geng.