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Cottage Inn opened its first location in Qingdao late last year, saying that the expansion into China was a "monumental step" in the company's history and that it had plans to open 200 stores in the next 15 years. The family-run company has 56 locations across the US and is looking to reach 100 stores by the end of 2017.

Countries involved in the BRI also need to build energy systems that can cope with external shocks, such as the COVID-19 pandemic. China's renewable energy has shown remarkable resilience to the epidemic.

Construction of the joint venture will kick off later this year. When completed by the end of 2021, it is expected to have an annual production capacity of 10 GWh, and the batteries would be installed on Geely's vehicles from 2022, said Reuters citing LG Chem.

Considering the importance of commercial cryptography, the draft not only encourages more research, developments and applications in this field, but also supports the industry association to play a role in the regulation and promotion of industrial growth.

Contrast that to Amazon, which today is worth about 7 billion, and raised?less than million in VC funding before it went public in 1997.