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Chinese companies Alibaba Group Holding Ltd and Tencent Holdings Ltd are also working hard to build more overseas cloud computing nodes, to compete with global giants including Amazon.com Inc and Microsoft Corp.

Chinese companies are carrying out more than 20 railway projects overseas, with a total investment of 100 billion yuan (about billion), China's railway authorities said in November.

Chinese and US teams should implement consensus reached by the two heads of state, grasp the direction of bilateral relationship, respect each other, and focus on cooperation while dealing with differences properly, Xi said.

Chinese companies' continuous investment in research and development will help them gain more technology breakthroughs over the next five years to better enrich the world's industrial and supply chains, senior business executives said on Wednesday.

Chinese electric carmaker BYD unveiled a new blade-shaped battery on Sunday, saying that many carmakers have shown interest in the space-saving and safer product.