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Bai Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation, the think tank of the Ministry of Commerce, said many countries and regions related to the Belt and Road Initiative have lots of resources but lack enough capital.

Banks' outstanding wealth management products (WMPs) totaled 28.4 trillion yuan at the end of May, down from 30 trillion yuan at the end of 2016. The sector's fast expansion had been considered a major source of financial risk, as off-balance-sheet WMPs channel deposits into risky investments without adequate regulation.

Background checks aren't the same as total guns sales but serve as a proxy for first-time buyers. The US government does not track gun purchases.

Based in Hong Kong, New Frontier Corp was formed by New Frontier Public Holding Ltd, an affiliate of New Frontier Group, for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. New Frontier Group is a China-focused investment group that invests in, builds and operates diversified businesses in the Chinese new economy sectors.

Bao Xu, senior researcher at the Hakuhodo Institute of Life and Living Shanghai, delivers a speech in Beijing on Dec 11, 2018. [Photo provided to chinadaily.com.cn]