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China's largest coal mining company and a major power generator said on Monday their merger was completed, creating the world's largest utility provider by capacity as the country continues to reform its colossal State sector.

China's crude imports from Oman grew by 1.03 percent in November month-on-month. [Photo/VCG]

China's investment in Africa has also seen strong growth, as the ministry's data show that more than 3,700 Chinese companies had set up branches in Africa by the end of 2018, bringing over billion to the continent.

China's manufacturing sector activity, measured by a major official index, weakened moderately in July, but economists said the trend of stable growth in the world's second-largest economy will remain.

China's efforts of encouraging mass entrepreneurship and innovation became a hot topic at the summit. Experts deemed that these efforts are expected to create better opportunities for China and Israel to conduct much broader and deeper hi-tech cooperation.