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Both China and Malaysia see much room for cooperation in such fields as digital economy, agriculture, automaking and high technology, Bai told reporters, adding that the two sides are expected to reach cooperative agreements during the visit.

Bill Peng, a partner at Strategy&, said, "We can expect more to come, as many carmakers made mobility part of their strategies around three years ago."

Both are staunch supporters of free trade. In face of the strong headwinds against economic globalization, it is more urgent than ever before for China and the EU to defend an open and free global trading system.

Bond Connect refers to the mainland-Hong Kong bond connect program which was approved in May last year, allowing investors from both sides to trade bonds on each other's interbank markets. "Northbound" trade, which allows Hong Kong and international investors to buy bonds issued on the mainland, started in July last year.

Both Walmart and Amazon have been going head-to-head in in the e-commerce world for a few years now and the rivalry has been hot since before the 2000s.?With the popularity of tablets on the rise, the competition doesn’t appear to be cooling down anytime soon.