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Chinese consumers are expected to contribute 41 percent to the global luxury goods market by 2025, up 8 percentage points from last year, as more young consumers are willing to pay for exclusive products amid the country's consumption upgrading and digital marketing boom, experts said.

Chinese internet giant Baidu signed a strategic cooperation agreement with Xiamen King Long United Automotive Industry in October to work on commercial driverless vehicles.

Chinese employers also pay for a proportion of their employees' social security coverage, which includes the pension fund, work injury insurance, jobless insurance, maternity insurance and health insurance.

Chinese negotiators rejected some media reports that China made compromises in the last stage of negotiation for a joint declaration for the 21st China-EU leaders' meeting, a source told China Daily.

Chinese companies have a key role in ensuring sustainable development in Africa and helping its economies tackle challenges such as limited export opportunities, weak infrastructure and unemployment, business executives from China and Africa said on Tuesday.