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Chinese companies are also teaming up to develop smart cars. A total of 21 Chinese companies are planning a 1 billion yuan (4 million) joint venture that will specialize in research and development of such cars. Among investors are FAW Group Corp, Dongfeng Motor Corp, China Mobile, China Unicom and ridesharing giant Didi Chuxing's parent company, Beijing Xiaoju Technology, according to Shanghai Baolong Automotive Corp, also a potential investor, in its filing with the Shanghai Stock Exchange in late December.

Chinese leaders have pledged further reform and opening-up. President Xi Jinping is expected to roll out new reform and opening-up measures at the Boao Forum for Asia to be held in Hainan Island on April 8-11.

Chinese made 726 million domestic trips during last year's National Day holiday, up 9.43 percent year on year.

Chinese companies are quickly embracing cloud computing to lower costs and enhance business efficiency, according to a senior industry executive.

Chinese Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, and Russian First Deputy Prime Minister Anton Siluanov co-chair the sixth meeting of the China-Russia Investment Cooperation Committee in Beijing, capital of China, Nov 26, 2019. [Photo/Xinhua]