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Chinese mobile payment wallet Alipay is extending its reach to Japan's public transportation sector by testing a Quick Response Code-based payment system in the country.

Chinese giants such as Huawei and Alibaba have also established their R&D centers in Israel, and some Chinese funds are also active in investing in Israeli start-ups.

Chinese companies invested .95 billion in the non-financial sectors in 43 countries and regions, an increase of 5.4 percentage points year-on-year, accounting for 14.4 percent of China's total ODI, according to the ministry.

Chinese leaders understand well that engagement with the outside world is vital, so the question the new five-year plan has to answer is how to achieve a good balance between building resilience and maintaining an open economy, Bhaskaran said in an opinion article published on the Edge Markets website.

Chinese media reported that Yu had been appointed to lead H-bomb research in 1961 by Qian Sanqiang, who was then director of the institute.