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China SME Development Fund Co Ltd was recently set up in Shanghai, with 15 national ministries, State-owned business giants and leading companies in various fields holding stakes.

China aims to further open up its financial sector for overseas investors. In the first four months of this year, the country approved billion of quotas for 12 RQFII investors, more than half of the total quota in 2018.

China also has a well-developed infrastructure to support the real economy, Zhang added.

China and Laos are friendly socialist neighbors with shared ideals, the same social systems and similar paths of development. Over the past half a century since the establishment of diplomatic ties, the relations between the two parties and the two countries have withstood the test of time and the changing global environment, leaving behind many touching stories. Mao Zedong, Zhou Enlai, Kaysone Phomvihane, and other leaders of the elder generation forged among them a deep friendship based on a genuine meeting of minds, and laid down a solid foundation for lasting friendship between the two countries. The descendants of Quinim Pholsena studied for many years in China. They spent their youth in China, and became witnesses, supporters and members of new advocates for China-Laos traditional friendship. In the 1960s and 1970s, Chinese soldiers and civilians actively supported the national independence and liberation movement of Laos. Over 200 of them laid down their lives on this land, forging an indelible monument of China-Laos friendship with their flesh and blood.

China Mobile has built eight land optical fiber cables and five submarine optical fiber cables across regions in Asia and Europe.