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BMI also remains positive on Indonesia's growth prospects, due to its huge young population, and the country will be one of the largest recipients of projects under the Belt and Road Initiative in ASEAN, the report said.

BEIJING -- Chinese police have busted 15 major cases of illegal online payments involving 54 billion yuan (about .74 billion) amid the country's intense crackdown on such crimes arising from the explosive growth of online payments.

BEIJING -- Guangzhou, capital of South China's Guangdong province and a manufacturing hub, has recently approved a three-year action plan to elevate its manufacturing industry to the next level.

BERLIN -- Carmaker Volkswagen Group China announced on Monday that it is planning to invest a total of roughly 15 billion euros (about .5 billion) together with its joint ventures in e-mobility between 2020 and 2024.

BEIJING -- The Chinese Foreign Ministry on Wednesday announced that Chinese President Xi Jinping is to chair BRICS Xiamen Summit in China's eastern coastal city of Xiamen in Fujian province from Sept 3 to 5.