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Chinese companies, with their mature experiences and expertise in building big-ticket infrastructure projects, have become tangible growth drivers of the Belt and Road Initiative, Wei said.

Chinese authorities on June 1 released a master plan for the Hainan free trade port, aiming to build the southern island province into a globally influential high-level free trade port by the middle of the century.

Chinese investments overseas have been growing at a double-digit rate over the past 10 years. By 2016, some 30,000 Chinese companies have marched overseas, with a total investment of .2 trillion, including outward foreign direct investment at 3.2 billion. In five years, that figure is expected to rise to 0 billion, revealed Zhou Xiaofei, a director at National Development and Reform Commission (NDRC).

Chinese has taken note of the briefing and recent remarks by senior US officials, which project a message of hope that the situation on the peninsula can be resolved to peacefully through talks, Foreign Ministry spokesman Geng Shuang said on Thursday.

Chinese bike-sharing titan Mobike Technology Co Ltd and World Resources Institute on Friday released the world’s first report on shared bikes and the sustainable development of cities.