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CSRC will also support domestic financial institutions to expand their business networks to countries involved in the Belt and Road Initiative.

CSG will also launch a pilot for Beidou satellite high-precision positioning, drone cluster operations and amphibious robot inspection operations. The goal is to build smart electricity transmission lines that are safe, reliable and efficient.

CICC economist Liu Liu said that the country would further advance its reform and opening-up policies, by actively supporting the development of the private economy, promoting foreign trade and attracting foreign investment.

Cameroon supports the one-China policy, he said, adding that both Cameroon and China uphold the principle of respecting the sovereignty of other countries and not interfering in the domestic issues of other nations.

CSRC issued 1.174 billion yuan (1 million) of fines in the first half of this year. [Photo/IC]