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China and Russia are making new progress in new areas such as the digital economy, technological innovation and small and medium-sized enterprises, while promoting cooperation in traditional areas such as energy, transport, production capacity equipment and agriculture, Li said.

China Petrochemical Corporation's first lubricant plant outside China - Sinopec Lubricant (Singapore) Pte Ltd - has continued its rapid growth and expansion by increasing business with Chinese companies overseas, according to one of the company's senior executives.

China and Singapore are jointly exploring potentials for further cooperation under the Belt and Road Initiative with recent moves to deepen economic and trade relations. [Photo provided to chinadaily.com.cn]

China National Petroleum Corp has pledged to come up with more than 100 million metric tons of equivalent equity production of oil and gas from abroad by 2020, especially in markets in Central Asia, Russia, the Middle East and Africa.

China Young Professional Apartments, a Beijing-based condominium manager backed by Chinese venture fund SAIF Partners, got the necessary approval from the Shenzhen Stock Exchange to offer 270 million yuan (.77 million) of asset-backed securities to retail investors.