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Chinese-funded agricultural enterprises have built public welfare facilities in the B&R countries, employing more than 100,000 workers in the regions.

Citing "people familiar with the matter", CNBC said New York-based Macy's plans to use inventory as collateral to raise billion, and put up real estate to raise an additional billion to billion. But the company won't pledge its iconic Herald Square store in Manhattan as part of the deal.

Chinese stock market will be boosted if A shares are included in the MSCI Emerging Market Index later this year.

Cloudwalk is researching more ways to apply AI in sectors including financial services, security and transport. It is also looking into opening up its platforms to allow startups to integrate their technology and applications when they lack data or technology.

Chinese tech powerhouses are deepening the push for logistics upgrades to enhance connectivity for their trading partners. Cainiao Network, China's largest courier aggregator, launched its first international airfreight service in May, linking Hangzhou, Zhejiang province, with Moscow. It aims to speed up transport time from China to Europe to five days.