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The Brazilian real extended gains following the decision and reached its strongest in two months. The benchmark Bovespa stock index rose to a session high. Investors fear that another Lula presidency would mean a return to more state-directed and less business friendly economic policies.

The Beijing-based company is reportedly scheduled to issue CDRs in Shanghai on July 16, after pricing CDRs and share sale in Hong Kong on July 9. Xiaomi declined to comment on the specific timetable.

The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China's major ports published weekly, went up 0.17 percent from a week ago to 578 yuan (nearly ) per metric ton, according to Qinhuangdao Ocean Shipping Coal Trading Market Co. Ltd.

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The Belt and Road Initiative will benefit many countries in the region, including Nepal, he added.

The British company, whose mobile chip technology is used by countless handset makers, said it values its "relationship with our longtime partner HiSilicon (Huawei's chipmaking arm) and we are hopeful for a swift resolution on this matter".

The Average new home price in Shanghai reached 43,000 yuan (,825) per sq m in January, its lowest level for the past year, according to China Real Estate Information Corp.

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The BRICS chairmanship continues the very good trend, established during the G20 chairmanship of China last year, of taking consideration of all sides, he added.

The Belt and Road Initiative proposed in 2013 has provided Xinjiang with a significant opportunity to open up and boost economic cooperation between China and other countries thanks to its geographic advantages.

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The Australian government's recent moves to establish a National Foundation for Australia-China Relations and appoint a senior diplomat, Graham Fletcher, as the next ambassador, are aimed at improving relations with Beijing, analysts said.

The Belt and Road Initiative, proposed by Xi in 2013, comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.