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BEIJING, Oct. 16 (Xinhua) -- Beijing's first medium-low speed maglev line is expected to start trial operation by the end of this year.

In April 2016, China's HeSteel Group acquired Serbia's loss-making steel plant. By December that year, the steel plant reversed the seven consecutive years of losses and made profits. While production and sales increased, workers' wages also grew steadily.

"Belt and Road is of course a very important initiative, and we see how it has developed over the last couple of years. It has a much wider approach now in terms of the modes of transport it covers, but also in terms of the countries it covers," said Gunnar Wiegand, managing director of Asia and the Pacific at European External Action Service (EEAS), the EU's diplomatic service.

China has repeatedly expressed the hope that both U.S. and DPRK statesmen have the wisdom to realize that resorting to the use of force is not an option for resolving the Peninsula issue, Lu added.

The government will develop an evaluation mechanism for business environments, and conduct timely nationwide evaluation of the environment.