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Chinese tech giants are busy deploying their cloud offerings overseas－paving the way for the growing number of local companies expanding aggressively abroad and their projected demand for data storage and processing.

Chinese tech giant Xiaomi's premium e-commerce platform Youpin has teamed up with global crowdfunding platform Indiegogo to promote Chinese products and brands overseas in its latest move to expand globalization.

Cited the two high-speed rail projects in Thailand and Indonesia as examples, he said these projects are attracting subcontractors, capital equipment providers, and professional services firms from United Arab Emirates, Australia, Germany, Japan, South Korea, Spain, Canada, France, and Britain.

Chongqing hosts a fashion show by makeup master Mao Geping against the backdrop of Wanzhou Great Waterfall to conclude 2020 Chongqing International Fashion Week, on Sept 21, 2020. [Photo provided to chinadaily.com.cn]

Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 1.74 percent, at 3,403.44 points.