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"Through these acquisitions, Changyu, which has operations in China, France, Italy and New Zealand, wants to increase its presence in the Latin American market through Chile," the report said.

6. The two sides agreed to enhance synergies between the Belt and Road Initiative and the Investment Plan for Europe, and welcomed the signing of the Memorandum of Understanding Aiming at Facilitating a Co-investment Framework by China's Silk Road Fund and the European Investment Fund and the establishment of the China-EU Joint Investment Fund. The two sides committed to pushing forward relevant cooperation in the framework of multilateral development institutions such as the Asian Infrastructure Investment Bank, the European Investment Bank and the European Bank for Reconstruction and Development.

The Belt and Road Initiative is a farsighted initiative with global implications, which will promote connectivity and cooperation in trade and investment. Ethiopia will actively join in the construction of the Belt and Road, he said.

The CPC has evolved from a small group of around 50 members to a 89-million member strong party, more than the population of Germany, with 4.5 million Party grassroots organizations.

In terms of floor area, property inventory fell 7.2 percent in the first four months, larger than the 6.4-percent decline in the same period last year.