In June 2018, two international commercial courts tasked with helping to resolve disputes related to the Belt and Road Initiative and improving the global credibility of the judiciary opened in Shenzhen, Guangdong province, and Xi'an, Shaanxi province. Later, an expert committee was established as the two courts' dispute resolution think tank.
In June, CRRC Zhuzhou Locomotive Co, a subsidiary of China Railway Rolling Stock Corp, developed a "smart bus"-the Autonomous Rail Rapid Transit, or ART, which is about 30 meters long and equipped with sensors that can read the dimensions of roads and plan its route. It has a maximum speed of 70 kilometers per hour.
In June, South Korea initially proposed that companies from both countries fund compensation for the plaintiffs, but Japan spurned the proposal for further dialogue on the matter in this direction.
In June, Beijing-based China Mobile announced a plan to build a globally leading fifth-generation network by combining 5G mobile communication technology with artificial intelligence and cloud technology.
In China, by the end of last year, more than 240 million people, 17.3 percent of the population, were age 60 or older. The figure is expected to reach 255 million by 2020.
In Kaiyang county, more than 80 investors like Pi have renovated 120 houses. Local banks have offered loans to finance the renovation and tourism infrastructure spending. And booming rural tourism has brought handsome earnings for investors.
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In July, during an event to mark the 95th anniversary of the founding of the CPC, Xi said reform and opening-up will be crucial to deciding the fate of modern China.
In July, Boeing delivered four wide-body jets: a 767 freighter for FedEx, a 777 freighter for DHL and two 787-9 passenger planes — one for Air France and the other for Turkish Airlines.
In January, the US government blocked Alibaba's financial arm's purchase of US money transfer platform MoneyGram and Huawei's cooperation with one leading US telecom service provider over similar concerns.
In June, German car giant Daimler signed a framework agreement in Berlin with China's BAIC to produce Mercedes-Benz-branded electric cars via their joint venture, Beijing Benz Automotive.