Sentiment towards renminbi-denominated assets has changed, as the currency becomes more widely used, and global investors look forward to greater access to China's capital market, said analysts.
China's railway authority has proposed a Silk Road high-speed railway connecting the country's northwest region to West Asia via Central Asia, a plan it said would overcome the cross-border connectivity problem of different rail standards.
Western sanctions on Russia will not affect its financial cooperation with China, said Pan Gongsheng, deputy governor of People's Bank of China, at a press conference on Friday.
The People's Bank of China (PBOC), China's central bank, has signed a currency swap agreement worth 150 billion yuan ($24.4 billion) with the Russian central bank.