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Chinese companies have been pouring resources into research and innovation over the years and led the world in certain fields, which is the primary cause of the technical exchange reverse, said Mats Harborn, president of the European Union Chamber of Commerce in China.

Chinese electric car startups that have put the bit between their teeth to navigate a labyrinth of financial hardships, weaker demand and the coronavirus pandemic are seeing signs of approval from both customers and investors.

Chinese railway network is expected to see 5.48 million trips on Sunday, up 3.6 percent year on year. Nearly 270 extra trains will be put into service to meet the booming travel demand.

Chinese electric car startup CHJ Automotive will build up a strong research and development team in the United States by the end of this year to beef up work on self-driving technologies, company CEO Li Xiang said on Tuesday.

Chinese conglomerate Dalian Wanda has pulled out of plans to buy part of the Nine Elms Square site in central London, which comes hot on the heels of the Chinese government's latest rules on investment in overseas deals.