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Carlos Miro, founder and CEO of Truckpad, told possible Chinese investors that his company is similar to Didi for truck drivers and had 0 million in gross merchandise volume (GMV)in 2016 and had 0,000 in revenue, up by 1,200 percent year-on-year. He added that it should have broken even by August this year. According to a fundraising brochure, the company aims to raise million to improve technology and products and do more marketing.

Chang said Amazon China will continue to innovate in response to the demands of local customers, sellers, developers and enterprises.

ChemChina encouraged its overseas companies to participate in the ongoing second CIIE in Shanghai, and five of them including Syngenta AG, the Swiss agrochemical and seed producer, Elkem, the Norwegian material manufacturer and Adama, an Israeli crop protection company, are taking part and signed agreements with various domestic partners on Wednesday.

Cathay Capital Private Equity signed an agreement with partners Tuesday to launch an investment fund dedicated to China's new energy sector, with a target size of over 1.5 billion yuan (about 0 million).

Capital Economics forecasted that Chinese GDP would increase 2.5 percent in 2020 in comparison to analyst consensus of 2 percent.