The trend echoed statistics from the Ministry of Commerce, which found that overall investment in regions taking part in the Belt and Road Initiative ebbed only 1.2 percent, against a steeper drop of 29.4 percent globally.
The two announced the move on Friday after a short meeting that saw them commit to begin the reconciliation process. They agreed to institute reforms and fight corruption.
The two-day event The World Cultural Heritage application for the Tea Road Heritage took place in Wuyishan city, Fujian province, on Dec 1 and 2. The event gathered together experts and scholars from China, Mongolia and Russia as well as representatives of cities along the Tea Road to conduct in-depth research and discussions on the topic of the application, especially regarding actions and next steps such as tea tourism integration, mutual communication and resource introduction to form operational consensus and practical guidance.
The transaction platform for public resources will be expanded to cover natural resources, equity rights to assets, and environmental rights, the guideline said. Previously, the platform only covered bidding for construction projects, the transfer of land use and mining rights, transactions involving State-owned property rights and government procurements.
The two-day forum has attracted about 800 lawyers, judicial officials and legal experts across the world and will cover topics including legal services related to the Belt and Road Initiative, science and technology, international trade and dispute resolution.
The two sides reported to have been discussing denuclearization methods and timelines as well as ways to ensure DPRK's security, according to Yonhap.
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The two countries also vowed to further continuously cooperate on nuclear energy projects following discussions between the two sides to support Saudi Arabia's nuclear energy program.
The trips reflect his concerns.
The two deals came as China highlighted the importance of new infrastructure construction in this year's government report, saying China will expand 5G applications and build more charging facilities to promote the wider use of NEVs.
The two sides are witnessing great development in infrastructure facilities, including rail and ports, Feng said.