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As protectionism is on the rise in certain parts of the world, China remains firmly committed to an open and inclusive world economy.

As the United States announced its withdrawal from the Paris Climate Agreement, China and Germany should convey to the international community a firm position on addressing climate change, Wang said.

As the fund's general partner, Cainiao will operate and manage the assets and invest in logistics-related real estate projects, according to the statement. Morgan Stanley serves as the deal's sole financial advisor.

As technology giant Huawei faces the apparent rise of protectionism in Western countries, leading European industry insiders and academics suggest the Chinese company must focus on nurturing its solid ties with key existing overseas partners in order to wade through difficult times.

As the 5G era approaches, one of the key concerns for telecom operators will be how they can use 5G networks to meet the needs of high-density areas with thousands of people are simultaneously using the network to make phone calls, access the internet, and make mobile payments.