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China has signed memorandums of understanding on cooperation with six multinational development organizations including the World Bank and the Japan-led Asia Development Bank, encouraging them to participate in the initiative, said Zhou Qiangwu, director general of International Economics and Finance Institute of the Ministry of Finance.

China is gravely concerned by the escalating tensions in Kashmir and believes there should be no unilateral actions that complicate the situation, State Councilor and Foreign Minister Wang Yi said in Beijing on Friday.

China has the world's largest high-speed railway network, with operating mileage exceeding 29,000 km by the end of 2018.

China hopes Brazil will make it easier for Chinese exports to Brazil and welcomes more Brazilian investment in China, he said.

China is the world's largest market for electric vehicles with 1.5 million new energy-powered units sold by the end of 2018－and this means, fuel batteries are in great demand, even necessitating their recycling.