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The Chinese home appliance market is almost saturated, so domestic makers are looking overseas to find new business growth points, Zhang explained. "The acquisition will allow the Chinese company to obtain local customers quickly and reduce production costs."

The CUPIW, which combined the state's needs and advanced technologies, has created five world-class research platforms operating in such areas as modern welding equipment and technologies, surface engineering, welding materials, laser and plasma processing.

The Cambodian prime minister congratulated Li on the success of the Belt and Road Forum of International Cooperation.

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The China-US trade imbalance cannot and will not last in the long run, and the trade teams of the two nations are negotiating it, Cui said.

The China-UK Economic and Trade Forum was held by the China Chamber of Commerce in the UK, or CCCUK, a non-profit organization representing and serving the interests of Chinese enterprises and aiming to promote China-UK economic and trade relations.

The Chinese and Australian national flags on a celebration event in Sydney, Australia, on Sept 8, 2019. [Photo/Xinhua]

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The Cheonan sunk in 2010. Of the 104 soldiers onboard, 46 were killed. Seoul said the corvette was sunk by torpedoes fired by the DPRK, a charge repeatedly denied by Pyongyang.

The Chinese economic activity data for March is expected to improve as factories reopened and some workers returned to cities to work after the extended break caused by COVID-19, said a research note by Katrina Ell, an economist with Moody's Analytics, on Thursday.

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The Category 5 storm's eye, packing winds of 295 km/h, passed over the island of Barbuda east of Puerto Rico, on Wednesday morning, the US National Hurricane Center in Miami reported. Its path could take it to Florida on Saturday.

The Caixin China General Services Business Activity Index rose to a higher level than in each of the preceding seven months — 53.5 in November, up from 51.1 in October. The indicator for new export orders rose to a four-month high while overall new business also rebounded from the previous month with improved external and domestic demand, according to a survey jointly released by media group Caixin and information provider IHS Markit.