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Industry experts said that foreign credit rating agencies' intention to seek independent operations in China will bring more competition, and will help draw more capital from overseas investors into the local Chinese bond market.

Industry experts expect Chinese manufacturers to eat into Samsung's market share by 2019 as they increase investment and production in the sector. "China has become the world's largest producer and consumer of mobile phones, but the flexible AMOLED display market has been dominated by South Korean companies," said John Wang, an analyst at Sigmaintell Consulting Co Ltd, a panel industry consultancy.

Increasing competition motivated Khadir to make another change. With the help of the local government, he used his savings to establish a company. Melons were bought from local farmers and sent to his partners in East China via rented trucks.

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Including the Mogao Grottoes, Yungang Grottoes, and Longmen Grottoes, ten of the historical relics are inscribed on the UNESCO World Heritage List.

Infrastructure has been the major application area of the PPP model, said Gao Gao, deputy secretary-general of the National Development and Reform Commission (NDRC) at the 4th China Public Private Partnerships Forum held in Beijing.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan ( million).

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Industrial and Commercial Bank of China Ltd, the world's largest lender by assets, reported net profit of 75.8 billion yuan ( billion) in the first quarter, up by 1.5 percent year-on-year, according to the bank's stock exchange filings. It was the bank's strongest quarterly profit growth in two years.

Indian sprawling railway system is the world's third largest network, ferrying around 23 million people each day.

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Indonesian president expected to focus on managing economy over next 5 years

In today's world, we see a trend of rising protectionism, unilateralism, bullying and anti-globalization. We hope to pool strengths for closer international cooperation through the BRI. It is highly relevant given the current international landscape, and represents a useful effort in building a more fair and equitable new international order and in the reform of the global governance structure.