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China and other member countries of the SCO have achieved positive outcomes in implementing the B&R Initiative, including closer trade ties, stronger mutual investment and increasing joint projects, according to Chinese Minister of Commerce Zhong Shan during last year's SCO Summit held in Astana, capital of Kazakhstan.

China also rose rapidly in the mobile internet industry, with the number of mobile internet users reaching 753 million in 2017, up by 8 percent year-on-year, according to Meeker.

China and Russia will cooperate with other BRICS countries to improve global governance, fight all forms of trade protectionism, and promote the establishment of a multilateral financing system that is standing, stable, sustainable, and risk-controllable.

China Railway Corp, the country's railway operator, aims to complete corporate system reform of its non-transportation businesses in the first quarter of 2018, said a source at one of these subsidiaries on Thursday.

China and Britain also agreed to expand collaboration on the Belt and Road Initiative, including cooperation between companies from the two sides to explore third-party markets.