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BUDAPEST - The Hungarian renminbi (RMB) market has grown successfully, and Chinese yuan-based loans, accounts and deposits are available, Hungarian National Bank (MNB)'s executive director Daniel Palotai said Wednesday at the Budapest RMB Initiative conference.

Back in the day, the Jiangnan region used to be the favored haunt of the Chinese literati. Suzhou, in particular, boasts scenery comprised of elegant, exquisite waters and traditional buildings with their white walls and gray stone tiled roofs. The city government has been trying for many years to balance the conurbation's development on the pillar of its ancient elegance.

Beat the smog and dine within an urban forest

Backed by its population size, growing consumption power and fast urbanization pace, the BRI has the potential of having a lasting positive impact on global growth, said Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation.

Background:?Amazon and Microsoft are the last contenders for the billion, 10-year contract to migrate the Pentagon’s data to the cloud. The project — known as Joint Enterprise Defense Infrastructure (JEDI) — is a massive overhaul of the Defense Department’s technology infrastructure that will allow different branches of the military share sensitive information in the cloud and incorporate artificial intelligence technology. The Pentagon was expected to announce a winner this summer but the timeline is delayed following new inquiries into Amazon’s role in the procurement process.