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Business executives attributed an imbalanced mix of industries to irrational and illegal outbound investment activities that Chinese authorities have been working hard to curb.

Both sides should make joint efforts to expand cooperation on the basis of mutual benefit, manage their differences based on mutual respect and advance bilateral ties on the basis of coordination, cooperation and stability so as to enable their cooperation to benefit the two countries and the world, Guo said.

Both sides also reaffirmed the importance of maintaining and promoting regional peace and stability, freedom of navigation in and over-flight above the South China Sea.

Buoyed by increasing demand for charging services, a rising number of EV charging infrastructure operators in China are exploring new business potential through information sharing, mapping, battery maintenance, and many other sectors, an expert said.

Brunei has warmly responded to and strongly supported the Belt and Road Initiative (BRI) I proposed. Our two sides have signed a Memorandum of Understanding to build synergy between the BRI and Brunei's Wawasan 2035, lending fresh impetus to our bilateral relations.