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Chen Kaiju, a professor at Guangdong University of Foreign Studies, says culture is a country's soft power, and Chinese cultural companies will help further raise the country's reputation at home and abroad when they set up foreign operations.

Chen predicted the construction machinery sector would continue the expansion in the second half of 2017, but the growth rate will start to slow down to a normal level as the effect of a low comparison base fades.

Chen Xinjian, vice-president of Industrial Bank, said in July the bank had issued 136.5 billion yuan (.8 billion) worth of green bonds since 2016 both in and outside of China, supporting more than 1,000 green projects which generated considerable environmental and social benefits.

Chen divided the volunteers into four responsibility groups - setting up tenants, distributing relief materials, overseeing medical matters and sanitation, and watching out for villagers' safety.

Chen accompanied the Panamanian president during his visit to China in November.