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The transaction is still under non-exclusive bidding at present. Neither Fosun Pharma nor Shanghai Pharmaceuticals have disclosed any details as to the bidding amount or the financial standing of the target company due to the uncertainties about acquisition and confidentiality requirements.

The two companies, which announced a merger plan in November, were both major players in China's trucking market, which is estimated to be worth 5 trillion yuan (6 billion). They allow shippers to post load information on mobile applications and connect them with truck drivers, so as to reduce a truck's empty miles and waiting time between loads.

The trilateral finance ministers and central bank governors' meeting serves as an effective platform for enhanced policy dialogue and coordination. The finance leaders decided to meet again in Nadi, Fiji in May 2019.

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The trip will help Trump and his team understand "how the United States and China can work together," Hormats noted.

The tripartite cooperation has already boosted solid foundations in different fields.

The typhoon has inflicted losses in 79 county-level areas in Shandong, affecting 1.66 million people and forcing the relocation of 183,800, said the provincial emergency management department.

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The train, loaded with containers of chemical, left China through the Alataw Pass in Xinjiang, and will pass Kazakhstan before reaching Perm in Russia.

The two-star winners were vegetarian restaurant King's Joy and Shanghai Cuisine Wulixiang.

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The two countries have had frequent high-level exchanges since they forged a comprehensive strategic partnership in 2005, with political mutual trust deepened and cooperative outcomes achieved in various fields, Xi said.

The two-day special session will primarily consist of a general debate on Thursday and interactive dialogues with experts, UN agencies and leading scientists, on Friday.