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As ASEAN countries are pushing for urbanization and industrialization, they have an urgent need for funding as well as technology, which turns out to be China's advantage, Xu said.

Apple Inc has slashed the price of some its iPhone models by up to about 800 yuan (8) for its channel partners in China after the United States tech giant lowered its revenue forecast partly due to a weak performance in the country.

Around 50 exhibitors and 100 local buyers attended the matchmaking session, and a video conferencing area was set up to connect companies which cannot come to the site.

Around two-third of the loans the NDB will take to its board for approval in the period from 2017 to 2021 will be for sustainable infrastructure development. This is the key target of the bank's strategy.

As China's Spring Festival approaches, various memes are being saved in mobile phones so people can chat with the friends and family with whom they'll spend the holiday.