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President Xi Jinping addresses the BRICS Business Forum held in Johannesburg on Wednesday. He said it is an irreversible trend for emerging markets and developing nations to rise over the coming years. [Photo/Xinhua]

Preparatory work on the Shanghai Science and Technology Innovation Board is going on in full swing, with key stakeholders putting in place various procedures, ahead of the official launch later this year, a top regulatory official said on Friday.

Power Construction Corp of China, or PowerChina is one of the central SOEs that has made significant strides in overseas markets with its various activities. It has helped renovate local churches, schools, roads and bridges while setting up a hydropower plant in Karuma, Uganda.

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Preferential policies are important to help lure workers, he added.

Premier Li Keqiang announced on March 5 the cancellation of the years-long practice of charging for long-distance calls and domestic roaming fees, as part of government's move to build a stronger internet industry.

Preliminary investigation showed the ringleader, identified by the surname Zheng, set up the company in 2016 and lured fresh graduates to join the company with false promises of high pay.

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President Xi Jinping and first lady Peng Liyuan arrive at Hong Kong International Airport on Thursday. Xi is making a three-day visit. EDMOND TANG / FOR CHINA DAILY

President Xi Jinping encouraged high school students in Rome to be "Marco Polo in the new era" and facilitate cultural exchanges between China and Italy.

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Premier Li Keqiang promised on Tuesday to reinforce existing macroeconomic policies, amid great determination to achieve the 0 billion tax and fee reduction goal, in response to risks accumulating in a slowing global economy.

President Xi Jinping addresses the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services via video in Beijing on Friday. [Photo/Xinhua]