The BRI aims to boost trade links and infrastructure connectivity among Asia, Europe and Africa-a throwback to the ancient Silk Road routes. It comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
The Beijing-based company's funding is one of the largest investments seen in China's internet culture and entertainment segment over the past two years. It is also the first time that Kuaishou and Baidu have become strategic investors in Zhihu.
The Beijing technology transfer meeting, co-sponsored by the ministry and Beijing municipal government, promotes technological cooperation in such fields as agriculture, energy and health.
The Belt and Road Initiative aims to create a trade and infrastructure network connecting Asia with Europe, Africa and beyond along and beyond ancient trade routes.
The COVID-19, unilateralism and politicization of technology have brought challenges to economic development and innovation efforts in Asia. However, opportunities have also emerged from the growth of the digital economy, the report said.
The Beijing Municipal Commission of Development & Reform said it would encourage large commercial buildings, shopping malls and market operators to reduce rental burdens for small, medium and micro tenants during the outbreak, and give appropriate financial subsidies to those who adopt this policy.
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The Belt and Road Initiative, or BRI, has significantly expanded the China-Russia cooperation, and it has facilitated the alignment of development strategies between the two countries raising bilateral relations to a higher level, said Li Hui, Chinese ambassador to Russia.
The Beijing-based company plans to go public in Hong Kong and has already attracted big-name early investors, including Tencent Holdings Ltd.
The Belt and Road Initiative will create new chances for the sector, Chen said.
The CNTA predicted direct investment in tourism to jump more than 20 percent from last year to 1.5 trillion yuan (3.3 billion) this year.