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Last year, Amazon China received a license from the Federal Maritime Commission to ship ocean freight cargo. Ryan Peterson, CEO of logistics company Flexport, broke the news in January. The company has also confirmed that it will begin to handle more if its air transport, leasing a total of 40 cargo jets from Atlas Air and Air Transport Services Group.

Last year's event saw regulators creating a bilateral financial technology bridge, allowing the governments to exchange information and knowledge to better regulate financial technology companies expanding into each other's markets.

Last year, Suzuki, the second-largest Japanese manufacturer of light vehicles, admitted that it had falsified fuel-economy data on 16 types of vehicles sold in Japan, involving over 2.1 million vehicles. Also in 2016, Mitsubishi Motors admitted that it had manipulated fuel-economy tests, which involved some 600,000 vehicles.

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Last but not the least, the initiative provides new frontiers for global companies to further enhance businesses and cooperation with China.

Last month, the total transport turnover of the country's civil aviation sector hit 8.28 billion tonne-kilometers, rebounding to 77.3 percent of the level seen in the same period last year, according to the administration.

Large firms added 58,000 workers, medium companies added 139,000, and small businesses added 110,000 employees, the report showed.

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Last year ABB invested 0 million in a robot factory in Shanghai, another step ABB took to secure market share. During the project, Gu said the company has benefited largely from the support of the local administration.

Last month, Uber announced it would halt its service in Cancun as it worked with authorities on the regulation and said it hoped to resume operations early in the year.

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Last Monday, Japan's Nikkei newspaper reported that Nissan Motor Co plans to invest 100 billion yen (9 million) to build an auto assembly plant in Wuhan, Hubei province, which is expected to have an annual production capacity of 200,000 to 300,000 cars.

Last August, the US launched a separate investigation into China's IP policies and practices. As a result of the probe, the US has threatened to slap tariffs on 0 billion worth of imports from China and impose restrictions on Chinese investment in the US, especially in the technology sector. China has responded by proposing tariffs on US products from soybeans to planes.