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Chen Xiaolong (left), head of Anji county, Zhejiang province, promotes local agricultural products via a livestreaming platform on April 3. [Photo by Niu Jing/For China Daily]

Chen noted that currently both China and Saudi Arabia are at an important stage of development. The Belt and Road Initiative is highly compatible with Saudi Vision 2030, which provides a historic opportunity for both sides to jointly achieve sustainable development goals, the ambassador said.

Chen Mingyong, CEO of Oppo, said the spending will focus on research of 5G, 6G, artificial intelligence, augmented reality, and other emerging technologies. Also, it will be used to finance more efforts to develop core fundamental architecture for hardware, and boost software capabilities.

Chen Zihan, a landscape designer at the West Bund Group, the main developer of the riverside in Xuhui district, said that there would be 10 museums open to the public along this section of the trail by 2020. He added that the West Bund group has also signed a memorandum of understanding with France's Pompidou Center to hold an art exhibition at the West Bund Art Museum which is scheduled to open by the end of 2018.

Chen Liang contributed to this story.