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China and Britain also agreed to expand collaboration on the Belt and Road Initiative, including cooperation between companies from the two sides to explore third-party markets.

China Railway Rolling Stock Corp, the Chinese manufacturer of locomotives and rolling stock, has split its struggling freight train manufacturing business into two units to reduce competition and eliminate excess capacity, as part of a corporate restructuring.

China Eastern Air Holding Co and Ping An Insurance (Group) Co of China Ltd have signed a strategic cooperative agreement, under which the two sides will work together in fields including business trip and travel services, insurance, finance, property and mixed ownership reform, official sources said.

China and the Philippines will continue to address territorial and jurisdictional disputes by peaceful means, without resorting to the threat or use of force, through friendly consultations and negotiations by sovereign states directly concerned and the exercise of self-restraint, in accordance with universally recognized principles of international law.

China Construction Third Engineering Bureau won a 41-billion ruble (.6 billion) contract to engineer, procure, and construct the Allama Iqbal International Airport.