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China and India should strengthen coordination and play a constructive role in promoting the development of BRICS cooperation, Shanghai Cooperation Organization and other multilateral mechanisms, he said.

China also ranks first in terms of market size based on per-capita purchasing power parity, the report shows. The United States is the most competitive nation in the world for the first time in a decade, followed by Singapore and Germany. Switzerland, which ranks fourth on the list, was No 1 last year. Nearly 90 percent of the top 30 are developed economies in Asia and Europe.

China National Heavy Duty Truck Group Corp is betting big on the overseas market, with the expectation that half of its total sales will come from outside of China by 2020, according to the company.

China Eastern Air Holding Co Ltd announced on Monday it has become the first State-owned enterprise to decentralize ownership by introducing 31 billion yuan (.6 billion) in capital in Beijing.

China Three Gorges Corp, the builder and operator of the world's largest hydroelectric power project－the Three Gorges Dam－has been stepping up efforts to pull more poor people out of poverty through continuous investment.