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Chinese President Xi Jinping proposed the BRI in 2013, with the goal of connecting China with Asia, Europe and Africa via land-and sea-based infrastructure development.
Chinese IPOs in the US accounted for about a fifth of US IPO proceeds in the first quarter this year, according to Renaissance Capital, an IPO research firm based in Connecticut.
China's robust development in philanthropy over the past year has been driven by improvements in the legal system, observers say. The Charity Law officially came into effect in 2016, guaranteeing healthy growth in the sector.
China, the world's second-largest economy, is actively embracing the burgeoning e-commerce sector, generating 4.82 trillion yuan (3 billion) in online retail sales during the first six months of this year.
China's well-developed production and resources networks and relatively competitive labor costs allow it to produce many items at a fairly low cost, said Huang. Other countries don't have such comparative advantages, he added.