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And the competition in the industry is getting more harsh, with growing uncertainties involving changing global policies, shifting customer preferences and emerging new technologies, according to Zhu.

Andrew Leung Kwan-yuen, the outgoing president of the Hong Kong Special Administrative Region's Legislative Council, said his four years at the helm were like "riding a roller coaster".

Andrey Denisov, Russian ambassador to China, recalled the relations between Russia and China over the past decades and hailed their ties as a "great harvest".

Andy Rubin. (Essential Photo)

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.