The two sides also initiated a comprehensive economic dialogue and a diplomatic and security dialogue, which make up two elements of the four-pronged dialogue structure they established. The other two are a law enforcement and cybersecurity dialogue and a social and cultural issues dialogue.
The transportation secretary also said the DOT will look to provide updated safety data for industry and consumer use.
The transformation has changed the fortunes of both the people and the wildlife in the area.
The two-day Laos-China Belt and Road Cooperation Forum, the first of its kind, is jointly organized by the Commission for Propaganda and Training of the Lao People's Revolutionary Party, the Lao Ministry of Information, Culture and Tourism, China's Xinhua News Agency, the Industrial and Commercial Bank of China and the Lao Chinese Chamber of Commerce.
The two countries are also intensifying energy cooperation in natural gas, with the China-Russia East-Route Natural Gas Pipeline expecting to send up to 38 billion cubic meters of gas to China each year from this year.
The two sides said they aimed to encourage and guide more internet entrepreneurs and employees to cater to the underprivileged groups' specific need, designing and developing relative products and services accordingly.
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The two new companies are ICBC Wealth Management Co Ltd, a wholly-owned subsidiary of Industrial and Commercial Bank of China Ltd, with as much as 16 billion yuan (.32 billion) in registered capital, and the wealth management subsidiary of China Construction Bank Corp, with a registered capital of up to 15 billion yuan.
The two sides will strengthen cooperation in building EV charging piles and battery-replacement stations, EV sales, battery energy packs, green energy transactions and smart energy, according to company officials.
The trip was the brainchild of Xie Jianhua, president of the nonprofit Gansu Aesthetic Education Promotion Association. It was made possible through the contributions of generous donors, he said.
The transaction values Metro China, at an implied total enterprise value of €1.9 billion. The transaction is expected to close no later than the second quarter of calendar year 2020.