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He said the initiative will also spur other countries to come up with their own initiatives. "Japan has now come out with its own initiative as well on infrastructure spending, and I think this is always good for the region," Khor said.

He urged the two countries to take the opportunity of the inking of the intergovernmental MoU on jointly building the Belt and Road to strengthen the alignment of the Belt and Road Initiative (BRI) with Italy's plan to develop its northern ports and the InvestItalia program, and promote mutually beneficial cooperation in all fields.

He said the company is considering making Indonesia a regional hub of exports, adding that it has started to negotiate business with nearby countries including Thailand and Brunei, which are also Belt and Road countries.

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He said the market does not wait for Elernity or any other company to evolve at its own pace. Both education and technology are developing at an unprecedented speed. So, educational service providers need to keep pace and stay on their toes. This will cost both money and time, especially when a firm decides to go global alone, he said.

He warned that any country that suspends its fugitive agreement with Hong Kong will send the wrong message to the city's criminals: This is a safe haven for you.

He suggested both sides maintain close communication and coordination on major global issues such as climate change and the United Nation affairs so as to safeguard the common interests of both countries as well as developing countries.

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He said the investment yield for enterprise annuity also plummeted to a five-year low of 3.03 percent last year.

He said the most common toilet in the village was a square pit with no water for flushing that smelled and attracted flies in the summer.

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He said that the eighth meeting of the China-Japan ruling parties exchange mechanism held here was aimed at implementing the consensus reached between the leaders of the two countries, further bringing into play the political leading role of the party-to-party exchange mechanism in bilateral relations, safeguarding the political foundation of bilateral ties, managing and controlling differences in a constructive way and jointly promoting practical cooperation under the Belt and Road Initiative.

He said there are usually two tools to increase sales: cut the prices to stimulate customers' appetite and launch new models to meet the demands of different people.