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Chinese company Jiangsu Jintongling Fluid Machinery Technology plans to provide A.9 million(.97 million) of matching funds for the project, which costs a total of A million (.19 million) and also involves University of Newcastle researchers, according to the agency.

Chinese and Russian personnel used to have many different opinions and even argued for over a month as the two countries have different technological standards and approaches, said Konstantin Orlov, chief mechanic on the project.

Chinese Vice-Premier Hu Chunhua, also a member of the Political Bureau of the Communist Party of China Central Committee, recently conducts a field survey on flexible employment in Beijing, capital of China. [Photo/Xinhua]

Chinese Vice-Minister of Commerce Wang Shouwen said, "The reform and opening-up policy has been behind China's robust growth over the past four decades, which helped the country to emerge as the world's second-largest economy and the largest contributor to world growth."

Chinese billionaire and Alibaba co-founder Jack Ma said there is no need to worry about the technology, as it also presents new opportunities.