In recent years, China has emerged as a global economy and geopolitical power. Nations treat China with great importance and focus on what is happening there. The world expects a lot from this summit.
In terms of foreign contracted projects, Chinese enterprises have signed new contracts worth .18 billion in countries along the B&R in the Jan-July period.
In terms of infrastructure, the National Exhibition and Convention Center had completed upgrading of its power, drainage, fire control, communication, wiring and parking facilities in preparation for the expo by the end of September, according to Huang Yongping, director of the Shanghai Housing and Urban-Rural Development Commission.
In recent years, the central government has put forward a series of policies to promote civil-military integration.
In terms of investment value, internet finance drew the most investment - .26 billion- followed by online tourism and e-commerce.
In term of deepening reform in investment facilitation, Ye Wei, deputy director-general of the Ministry of Commerce's department of foreign investment administration, said for global investors, the cost of using cross-border capital will be lowered. They are encouraged to choose their own way of borrowing foreign debt on a voluntary basis and devote their capital to domestic equity investment according to law.
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In short, we assert that consumption remains a reliable driver of growth for China as the world's second-largest economy. Favorable demographics, rapid income growth, improved accessibility and low penetration are releasing pent-up demand in China, especially in second-and third-tier cities. Consumer companies are tapping into this market to capture growth potential in consumption trade-up and experience seeking, thereby ensuring the continued expansion of the consumer sector.
In recent months, an inspection team that also included prosecutors, public security officers and transport officials intensified efforts to crack down on illegal taxi services in Harbin, the provincial capital.
In recent years, other major projects with heavy Chinese presence have included the Addis Ababa-Djibouti railway launched in October 2016. It offers a vital route to sea for landlocked Ethiopia; Last April, the 680-meter Kigamboni Bridge, the first of its kind in east and central Africa, was also launched to better connect Tanzania's largest city Dar es Salaam to the Kigamboni district across the Kurasini creek. Both Ethiopia and Tanzania have been among African countries reporting high economic growth.
In recent years, as Chinese companies have more presence in the global market, they also take more social responsibilities as their Western counterparts in places like the Middle East where a great number of UN settlements locate. In 2018, Alibaba's Jack Ma donated to help train teachers and let refugee children get access to education in Jordan.