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Staff at China Mobile test out network speeds for Huawei's 5G smart phones in Beijing's Sanlitun on August 16, 2019. [Photo by Wang Zhuangfei/chinadaily.com.cn]

Statistics showed that Chinese banks have participated in more than 2,600 related projects, and issued loans amounting to over 0 billion since the initiative was first proposed.

State asset investment companies focus on promoting industrial integration, as well as the transformation and upgrade of the sector in some key regions, and the optimization of the State assets layout structure, while operating companies focus on improving efficiency and rational flow of State assets.

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Stephen Roach, a senior fellow at the Jackson Institute for Global Affairs at Yale University, who was attending his 18th forum and who spoke on a panel about China’s reform and opening-up, says the last 40 years were a remarkable period.

Sri Lankan Prime Minister Ranil Wickremesinghe said on the day of the official launch that, "we have made arrangements for the management and long-term success of the Hambantota Port. The Sri Lankan and Chinese joint venture, which has taken over the management of this port, and its operations, will ensure an additional port in the Indian Ocean."

Statistics from market research firm International Data Corp showed that Huawei continued to lead China's smartphone market with shipments of 28.5 million units during the second quarter of this year, taking up a 27.2 percent market share.

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Statistics show that Changhe Suzuki sold 26,370 cars in 2017, down 42 percent year-on-year, while, in the same year, total vehicle sales in China stood at nearly 30 million units.

State-owned Xinhua Bookstore Group plans to update its out-of-date shops to match a new breed of traditional outlets and online retailers.

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Startup Tiger Brokers, an online stock brokerage, has said it will use its latest round of financing to bolster its technical strength and products.

Starting in 2018, non-native Beijing residents who meet certain qualifications can apply for Beijing's household registration system, called hukou in Chinese.