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China's biggest online travel agency, Ctrip.com International Ltd (Ctrip), announced that its net revenue surged 45 percent year-on-year to 6.4 billion yuan (6 million) in the second quarter (Q2) ended June 30.

China will invite Japanese institutions to conduct research, share their experiences in pension investment product design, promote the exchange of financial data between the two countries, and grant greater access for participants from both countries in their respective markets, according to Hong.

China's AI industry has developed rapidly in recent years and it aims to become a global leader in the next 15 years.

China's Internet companies are not missing out on the opportunities that the initiative brings. JD.com, a major e-commerce site, has already started operating in Indonesia. It is planning to open more than 20 overseas warehouses in the next five years to store and transfer goods from over 100 countries and regions including those along the Belt and Road.

China's State Administration for Market Regulation announced Wednesday that it has fined Changan Ford 162.8 million yuan (.6 million) for violating China's anti-monopoly laws.