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Countries involved in the Belt and Road Initiative have taken on an increasingly important role in China's import and export sectors in the past two decades, according to a report released on Wednesday.

Creating common standards for scientific research increases efficiency and cooperation in international study, said Rebecca Jiang, science and innovation officer at the UK Foreign and Commonwealth Office.

Cost reductions

Countercyclical monetary policy has also taken effect. Statistics from the People's Bank of China, the central bank, show that the growth of China's broad money supply or M2 remained flat year-on-year at 8.2 percent in August. New yuan loans stood at 12.13 trillion yuan (.7 trillion) during the first eight months of this year, about 770 billion yuan more than the same period last year.

Construction of the third plant of BeiGene Ltd, a Chinese biotechnology company, along with the completion of its second plant in Guangzhou, the capital of Guangdong province, will help boost the company's production capacity and upgrade its manufacturing technique, according to a senior executive.