US President Barack Obama announced the re-establishment of diplomatic relations as well as an easing in economic and travel restrictions on Cuba.
Russian consumers flocked to the stores, buying a range of big-ticket items to pre-empt the price rises.
China is to boost its presence in the Balkans and funnel exports to Europe through a "corridor" linking Beijing with the continent via the Mediterranean.
The Russian Finance Ministry has begun selling its leftover currency reserves on the market.
The Chinese central government hopes to offer more quality jobs to migrant workers to help ease them into urban living.