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Backed by its population size, growing consumption power and fast urbanization pace, the BRI has the potential of having a lasting positive impact on global growth, said Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation.

Battle against virus

Baidu, which accounts for 3.3 percent of the new venture, said in a statement that it is confident about the future of artificial intelligence and how its applications in areas like autonomous driving will fuel new momentum for telecom carriers.

BUENOS AIRES - Argentina's economy "is starting to move" again following the COVID-19 pandemic lockdown, driven by infrastructure projects designed to spur activity, Argentine President Alberto Fernandez said on Monday.

Baidu is banking on information and knowledge-centered livestreaming business and planning to invest 500 million yuan (.4 million) to cultivate 1,000 star livestreamers in an attempt to grab a bigger slice of the lucrative market currently dominated by short-video platforms such as Douyin and Kuaishou.