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China's smart logistics market is projected to grow fivefold to 1 trillion yuan (5.72 billion) by 2025, a new segment set to drive the next phase of growth in the world's largest logistics market, which hit 11 trillion yuan in 2016, said He Liming, head of the China Federation of Logistics and Purchasing.

China's weighting in the MSCI ACWI Index (All Country World Index) has grown since 2000, but is still a small percentage overall.

China's trade with the European Union, the ASEAN countries, and Japan increased 17.6 percent, 7.8 percent and 6.5 percent, respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at 770.8 billion yuan, up 11.5 percent year-on-year.

Chinese Air Force transport aircraft carrying medical experts and supplies arrived in Islamabad, "in an effort to help Pakistan cope with the COVID-19 outbreak", said the Chinese embassy in Pakistan on Twitter on Friday.

China's smartphone market is on track for recovery amid a sharp rebound in economic activity, as the country's smartphone shipments posted a 25 percent quarter-on-quarter growth rate to reach over 90 million units from April to June, a new report said.