The cooperation is expected to help better align China’s Belt and Road Initiative with Kazakhstan's new economic policy Nurly Zhol (Bright Path), strengthen China-Kazakhstan bilateral ties in key areas, advance Kazakhstan's financial reforms and the development of its capital market, and provide incentive for Kazakhstan's social and economic progress, according to a spokesman from the fund.
The country will step up credit support for infrastructure projects with sound capital base and good operation, on the condition that the funding won't add up to the hidden debt burden of local governments, the China Banking and Insurance Regulatory Commission said in an online statement.
The cooperation memorandum, signed among local authorities, marked a fresh step taken to further boost regional integration, said Zhang Ying, chief engineer of the Shanghai Commission of Economy and Information Technology.
The continuous improvement of supply and demand has helped boost companies' sales growth. Supportive government policies, including large-scale tax and fee cuts as well as reductions in electricity, land and rental costs, have effectively reduced the companies' overall operational costs, the NBS said.
The cooperation will be focused on integration, not only of speech recognition technology, but also Internet of Vehicles technology and vehicle designing and manufacturing. The partnership was announced in Hefei, capital of Anhui province, where iFlytek is headquartered.
The country will be a "great global host" as it has "demonstrated tremendous leadership in tackling air pollution domestically. It can now help spur the world to greater action", said Joyce Msuya, the acting director of the United Nations Environment Programme. Msuya announced the move jointly with Zhao Yingmin, the head of the Chinese delegation at the fourth UN Environment Assembly international environmental platform.
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The corridor will benefit Pakistan Railways the most. An upgrade plan is expected to completely overhaul the country's rail system. In addition, the corridor has become a reality that ensures bilateral cooperation in various fields, including agribusiness, education, innovation and technology.
The country also witnessed declines in the numbers of major accidents and extremely serious accidents.
The country also aims to cap water consumption below 670 billion cubic meters by 2022 and 700 billion cubic meters by 2035.
The contract signed with Meridian Ports Services (MPS), a private consortium financing the port expansion project, will see CHEC building the fourth and last berth of the new port, about 40 km east of the capital.