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The country's annual GDP growth rate is projected by the IMF to be 6.6 percent for the year, which remains unchanged from its May projection.

The construction and operation of marine ranches, which enable farming to be transferred to the deep sea so that the offshore environment can improve, is changing the production mode of China's fishing industry.

The country will also improve its mechanism for foreign investors to file complaints and protect their legal interests, Gao said.

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The countries represented were China, Afghanistan, Armenia, Belarus, Cambodia, Kazakhstan, Kyrgyzstan, Mongolia, Nepal, Pakistan and Uzbekistan.

The consulting company estimated that the dependency ratio will reach 72 percent in 2019, higher than the 69.8 percent in 2018, and will continue climbing in the years to come.

The conclusions describe not only the current situation but also forecast future development trends, Li said.

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The construction of the initiative will help about 7.6 million people from the involved countries escape extreme poverty, and over 32 million shake off moderate poverty, he said, citing statistics from the World Bank.

The consequences for businesses if the clauses or the privacy shield were rejected could be deeply problematic, leaving many companies potentially in breach of GDPR rules, and possibly facing fines of as much as 4 percent of their annual sales.

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The contract makes CRCC the general contractor to build two office buildings, one 20 stories and one 13 stories, in central Moscow. The total value of the contract is 6.7 billion rubles (7 million), and the overall construction area of the projects will be around 9,200 square meters.

The country is rushing to finish its own series of 5G trials. China has already established the world's largest 5G test field in Beijing's Huairou district, where domestic firms and a string of foreign tech companies are participating in China's third phase of 5G research and development tests.