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Private enterprise contributes much to the economy in taxes and commerce, "but we have to admit we failed to realize or even look down on its value and significance in the past," Chen said.

Pricing of insulin involves numerous stakeholders, including manufacturers, wholesalers, pharmacies and pharmacy benefit managers, or PBMs - intermediaries between manufacturers and health insurers.

Progress has been made on the first batch of 13 projects, according to Viotti, who expressed hope that the fund will play a greater role in advancing international peace and development.

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Producer Di Sheng said the crew took three years to produce the series, spending a lot of time on researching elite cultures, ranging from tea drinking to music to calligraphy, in the Song Dynasty.

President Xi Jinping, accompanied by President Bidya Devi Bhandari of Nepal, greets crowds after arriving in Kathmandu, the country's capital, on Saturday. Xi's state visit marks the first by a Chinese president to Nepal in 23 years.

Prime came to life in late 2004, the result of a years-long search at Amazon for the right loyalty program. An Amazon software engineer named Charlie Ward first suggested the idea of a free shipping service via a suggestion box feature on Amazon’s internal Web site, according to Ward’s colleagues at the time. Bing Gordon, an Amazon board member and venture capitalist, says he came up with the “Prime” name, while other executives, including Chief Executive Jeffrey P. Bezos himself, devised the free two-day shipping offer, which exploited Amazon’s ability to accelerate the handling of individual items in its distribution centers.

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Prior to Ghosn addressing the allegations against him, he voiced his affection for Nissan and maintained that his actions had all been above board and focused on elevating Nissan's position in Japan.

Previously, China's pipeline networks were primarily operated by three major State-owned energy giants — China National Petroleum Corp, China Petrochemical Corp and China National Offshore Oil Corp.

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President Xi Jinping will pay a state visit to Russia from June 5 to June 7, and attend the 23rd St. Petersburg International Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

Private equity firm FountainVest Partners announced it will cooperate with Primavera Capital Group to purchase 25 percent of Laobaixing Pharmacy, a leading Chinese pharmacy chain operator.