The institute said in an online statement issued on Tuesday afternoon that it was "extremely shocked and angry" over the posts and strongly condemned Kolars' actions.
The initiative, proposed by Chinese President Xi Jinping in 2013, aims to create greater trade, infrastructure and people-to-people links between Asia, Europe, Africa and beyond by reviving and expanding the ancient Silk Road routes. The modern version comprises an overland Silk Road Economic Belt and a 21st Century Maritime Silk Road.
The institute's revenue in 2020 is expected to reach 6.4 billion yuan, a leap frog jump from 94 million yuan in 2000.
The industry now adopts a new generation of digital technologies, including cloud computing, big data and artificial intelligence.
The idea is exemplified by the efforts of Haier Group, the Qingdao-based home appliances giant. In 2016, the company invested million to build a new plant in an economic zone in the Republic of Tatarstan in Russia. By May last year, the plant had produced more than 100,000"Made in Russia" refrigerators, the company said.
The institute now treats more than 30 neurological dysfunctions, including epilepsy, dystonia (repetitive muscle contractions) and chronic pain, making it one of the world's most comprehensive medical institutions in the sector.
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The injection saw a net 170 billion yuan in cash pumped into the market on Tuesday, offset by 20 billion yuan in maturing reverse repos.
The institute, established in September last year, was the country's first institution committed to promoting the development of green finance. It aims to become a leading international think tank for green finance, according to Wang Yao, head of the institute.
The information will be kept on record, so the platform will help authorities educate or even punish repeat offenders, He said.
The international academic cultural exchange season opened at Tianjin Foreign Studies University on Thursday.