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"By signing the agreement, both nations can obtain more information and have a better understanding of each other's markets," said Toshihiro Iwasaki, chairman of the Japan Investment Trusts Association.

"By embracing the BRI,(the government) would open these projects to investment from many avenues making the project a reality rather than a talking point," he said.

"Children in China experience the safest childhoods of all developing nations in Asia. China has made tremendous progress both in the economy and in improving the well-being of children across the country in recent years," said Wang Chao, Save the Children country director in China.

"China is way more advanced in mobile payments," said Virkkala. He told Xinhua that he believed "the approach is now coming to Europe."

"China has become the largest producer globally of electricity from bioenergy, and with major new initiatives across heat, electricity and transport, the country is anticipated to provide almost a fifth of global bioenergy growth by 2023," he said.