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The CUES is an agreement reached in 2014 that aims to reduce the chance of an incident at sea among countries involved, and to prevent it from escalating amid rising territorial and maritime disputes.

The Chinese government has set a target of developing deep-sea energy resource production, at depths of 1,500 to 3,000 meters using domestically developed technology during 13th Five-Year Plan (2016-20). It will also enhance mine detection, drilling technology and equipment upgrading for natural gas hydrates and transportation.

The China-Laos railway, for instance, is expected to start operating in 2021. With the railway, it will only take about three hours to travel from Mohan, Yunnan province, to the Vientiane, Laos. The same route by car would take about 16 hours.

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The Chinese government is set to fill in the existing regulatory gap to update national standards for low-speed electric vehicles in a move to improve both driver and pedestrian safety, and air quality.

The Chinese mainland is currently home to some 100 fast-growing companies, most of which have long considered the public listing stage. Smartphone-maker Xiaomi Inc is reported to be in talks with investment banks about going public as soon as 2018, with Hong Kong currently considered the most likely destination. Xiaomi is often hailed as one of the oldest unicorns around the globe, as well as one of the world's top three unlisted unicorns next to Alibaba's Ant Financial Services Group and Uber Technologies Inc.

The Chinese government has issued a series of policies to promote employment recently, which experts say have had a positive effect.

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The China e-commerce research center said e-commerce imports rose by a third to 1.2 trillion yuan in 2016. The amount is expected to exceed 1.8 trillion yuan this year, according to Cao Lei, director of the center.

The China International Big Data Industry Expo 2017 in Guiyang, Southwest China's Guizhou province, on May 25, 2017. [Photo by Zhang Jie/chinadaily.com.cn]

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The China Branch of the BRICS Institute of Future Networks is designed to deepen cooperation among Brazil, Russia, India, China and South Africa to boost the development of key technologies including 5G, artificial intelligence and information security.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, rose 1.91 percent to 1,498.01 points.