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Both negotiating teams are maintaining close contact in follow-up work, like signing the agreement, Gao said at a weekly briefing.

Booming business

BlackRock is one of the latest foreign financial service providers to expand its presence in the Chinese market as the country has rolled out a string of policies to further open its financial sector since late last year.

Bilateral trade between China and Russia reached .24 billion in the first 11 months of 2018, up 27.8 percent year-on-year, said Gao Feng, spokesperson of the Ministry of Commerce during its first regular news conference of 2019 on Thursday.

Boeing believes the MAX will return to service in the fourth quarter of this year, but nevertheless set aside billion to cover costs arising from the plane being grounded. The three US airlines that fly MAX jets have cancelled flights using the plane through early January.