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Chris Field, director of the Stanford Woods Institute for the Environment at Stanford University, according to an Associated Press report, said: "It is a sad statement about the president's history on climate change, but it is a major development to see him clearly acknowledge a role of greenhouse gases from human emissions."

Citi released an investment research report, cutting Baidu's price target to 5 from 2, and maintained its "buy" rating on the company, according to modernreaders.com.

Chinese tech powerhouses are deepening the push for logistics upgrades to enhance connectivity for their trading partners. Cainiao Network, China's largest courier aggregator, launched its first international airfreight service in May, linking Hangzhou, Zhejiang province, with Moscow. It aims to speed up transport time from China to Europe to five days.

Chongqing is almost as big as Austria and has long been an industrial hub, where the Yangtze River Economic Zone and, more recently, the Belt and Road Initiative have boosted economic development.

Christine Holgate is chief executive officer of Australia Post, an organization more than 200 years old. During the second CIIE, she talked about the company's mission, vision and current development, especially in China.