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Apart from infrastructure, there are also schemes which help smooth the passage of goods such as the "smart and secure trade lane" project operating in 16 ports -- a strategy for enhancing the customs co-ordination between BRI countries, and other plans aiming to achieve harmonisation of standards and mutual recognition certification, it said.

Another industry giant, Toyota, recorded US sales declines in December and for the year; 0.9 percent and 0.3 percent respectively.

Apart from the European R&D center, the home appliance giant has set up a research institute in Silicon Valley in the United States, and R&D centers in Shenzhen, Chengdu, Xi'an, Shanghai, Beijing and Guangzhou. It has teamed up with tech heavyweights such as Google Inc, Amazon.com Inc and Baidu Inc in the field of AI.

Apart from sending a work team to assist relief, it has allocated emergency funds of 100,000 yuan (,000) and sent supplies from its local branch to the affected region.

Another 92.9 billion yuan was lent to financial institutions through the standing lending facility to meet provisional liquidity demand.