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CRRC is currently in talks with the Czech Republic's Skoda Transportation AS for a 100 percent stake, a move to increase its market share in Europe's railway markets.

CMG is very influential in five major ports in China including Pearl River Delta (Hong Kong, Shenzhen), Yangtze River Delta (Shanghai, Ningbo), Bohai Bay (Qingdao, Tianjin, and Dalian), Xiamen Bay (Zhangzhou), and Southwest coastal area (Zhanjiang).

Cai Tuanjie, head of transportation services at the Ministry of Transport, said on Thursday that China will look to level the playing field to attract more ride-hailing companies. Currently there are around 30 million orders for ride-hailing services in China every day.

Canada and China relations have been locked in an escalating diplomatic spat for months, following the arrest of Huawei CFO Meng Wanzhou in December on an extradition request from the United States.

Caijing said Baidu Waimai and Ele.me have reached a verbal agreement, and if everything goes smoothly, the deal will be announced within two or three weeks.