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And according to Fu Ruoqing, president of the Huaxia Film Distribution, the company is planning to cooperate with its African counterparts by investing in the development of cinemas overseas, by backing new coproductions, and by investing in foreign cinema circuits.

And Guangdong's imports and exports of cross-border e-commerce reached 7.95 billion yuan, a year-on-year increase of 33.4 percent, coming first in the country, the statement said.

An unnamed person in charge of the company said in the statement that the establishment of China State Railway Group will help optimize railway resources and turn a bigger profit, and it will enhance risk-prevention and the market competitiveness of railway enterprises.

Analysts said the cooperation will extend a helping hand to the joint venture as well.

Analysts said the startup of China's biggest power project in Russia points to expanding and increasingly important deals in the power sector between the two countries, and also significantly expanding investments by China in power projects internationally.