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BEIJING, April 26 (Xinhua) -- The Belt and Road Initiative (BRI) is growing up and gaining global traction, said Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), here on Friday.

Financial institutions and companies with cash businesses are upgrading their machines to identify and adapt to the newly-designed RMB notes, the PBOC said.

For those living in remote areas with few natural resources or fragile ecology, the government has offered assistance to relocate or provide compensation. While creating jobs will not work so well for many -- particularly the old, the sick, and the disabled, China ensures social safeguards for these most vulnerable groups.

It demanded strict implementation of the regulations to make sure that leading Party members groups uphold General Secretary Xi Jinping's core status, as well as the authority of the CPC Central Committee and its centralized, unified leadership.

BEIJING, May 9 (Xinhua) -- Chinese authorities said Thursday the country will press ahead with the efforts to cut excess capacity in key areas, including coal and steel sectors, this year.