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State Councilor and Foreign Minister Wang Yi (right) shakes hands with Ri Yong-ho, foreign minister of the Democratic People's Republic of Korea, on Tuesday in Beijing. [Wang Zhuangfei/China Daily]

Status as key market and production base, innovation hub attracts investors 

State-owned, Hohhot-based Inner Mongolia Power (Group) Co Ltd or IMPC, the largest power exporter in North China, is seeking to exploit opportunities presented by the Belt and Road Initiative to go global.

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Starting from the first quarter of 2018, visitors from 53 countries shall enjoy 144-hour visa-free transit in Guangdong, said Zheng Dong, deputy director of the province's Public Security Department.

Steinmueller envisioned good prospects for the German banking giant's business in China, a major growth pillar for it in the Asia-Pacific region, as its corporate and investment banking units saw a fruitful year in the country last year.

Stefan Reinhardt, general manager of the orchestra, said the group was amazed by their first trip to China and how they can connect with Chinese audiences through music.

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Startups are a key long-term market for Amazon, Microsoft, Google and others competing in the cloud computing market.

Sri Lanka's capital Colombo resumed economic operations at the end of May after being shut for nearly two months to prevent a further spread of the virus, and since then the country has seen the gradual re-opening of several sectors.

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Stephen Maher, president of Mondelēz China later said, "Its opening is of great strategic importance to the China market. This means China will be the first market to enjoy the results of the research here and that Chinese consumers will be able to get more biscuit products with new tastes, new formulas and new forms faster."

Starting from May 1, the government lowered the share borne by employers for urban workers' basic aged-care insurance down to 16 percent from 20 percent, saving employers 272.5 billion yuan in social insurance contributions in the first nine months of this year, according to the State Taxation Administration.