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Chinese home appliances maker Midea Group acquired Kuka earlier this year. The two companies are making steady progress in deepening product cooperation, Reuter said.

Chinese companies in the service sector saw stronger profit growth in the first three quarters thanks to rising demand for services and steady price rises, data from the National Bureau of Statistics showed on Tuesday.

Chinese agriculturists Lin Yuqing and Zhang Zhaodong, first and second left, show high-yielding hybrid rice to Philippine President Rodrigo Duterte during harvest festival in 2017. PROVIDED TO CHINA DAILY

Chinese companies are expediting the pace of digitalization through several means, such as launching digital products, introducing digital payments and embracing e-commerce and automation, according to the study, titled "Culture of Innovation: Foundation for business resilience and economic recovery in Asia Pacific".

Chinese now working for international organizations include Li Yong, former deputy minister of finance, who has started his second term as director-general of the Vienna-based United Nations Industrial Development Organization last year, and Jin Liqun, president of the Asian Infrastructure Investment Bank, a China-initiated 84-member institution created to support regional development.