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As a multinational company, we are delighted to help facilitate the upgrading of China's manufacturing industry and grasp the market opportunities generated by cooperation. The Belt and Road Initiative has also set a great example for international cooperation. This will strengthen the foundation for the long-term stable growth of the world's economy.

As at the end of 2017, Shanghai's permanent population of immigrants from elsewhere in China reached 9.73 million, having grown at a compound annual growth rate of 7.4 percent from 2.87 million in 2000, according to Colliers research.

As early as 2016, authorities in Beijing, Tianjin and Hebei province signed a cooperation agreement on the coordinated development of informatization, mapping out plans on 5G network construction.

As an essential factor of the initiative, China intends to carry forward the exchanges with mutual understanding and respect.

As a sign of the dire housing issue, Lam Lok and Jason Chau, a young married couple, had to live apart in the city "because the bedroom space is simply too small for two adults and a child", BBC reported on its website on Sept 17.