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The Australian delegation to China's Silk Road Expo in Xi'an has further confirmed and developed cooperation with the Silk Road International Chamber of Commerce, Guppy added.

The Belt-and-Road Initiative proposed by Chinese President Xi Jinping has brought China's railway technologies to East Africa, said Wang, adding that China will further step up the level of technology transfer and personnel training so as to lay a sound foundation for the independent operation of the SGR by Kenya in the future.

The Bond Connect program, launched in July 2017, is a mutual market access scheme that allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong.

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The Belt and Road Initiative was proposed by Xi in 2013 to boost world trade and connectivity through a land-based Silk Road Economic Belt and an oceangoing 21st Century Maritime Silk Road.

The CBIRC said it would enhance solvency regulation and risk control to promote high-quality growth of the sector.

The CAICT predicted that 5G will drive 6.3 trillion yuan (6.8 billion) of economic output in China by 2030.

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The Billund, Denmark-headquartered LEGO Group opened its first flagship store in Beijing on Friday, to create better play experiences and further tap China's world-leading toy consumption market.

The Belt and Road Initiative, which refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, has made landlocked Ningxia the frontier for opening-up and taking the lead in economic cooperation with Arab countries.

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The CIIE logo and mascot Jinbao are showcased at a news conference in Shanghai on July 27, 2018. [Photo by Yang Yang / chinadaily.com.cn]

The CBIRC has made remarkable achievements through special rectification of risks associated with internet finance. The number of online lending platforms that are still operating was 15 at the end of August, down 99 percent from the beginning of 2019. During the same period, the outstanding balance of this type of loans fell by 84 percent, while the number of lenders declined 88 percent, and the number of borrowers went down 73 percent, Feng said.