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China and the United States, the world's two largest smart city markets, can work together to push artificial intelligence application in smart city development, said experts.
China also plans to merge the Ministry of Culture and National Tourism Administration into a ministry of culture and tourism.
China accounted for 200 vessels of the new contracts, followed by South Korea with 124 and Japan with 91. The three countries accounted for 35.93 percent, 35.85 percent and 11.8 percent respectively in terms of CGT (compensated gross tonnage).
China and Portugal should strengthen multilateral coordination, enhance communication on major international and regional issues and jointly safeguard multilateralism and free trade, Xi said.
China Everbright Bank, a large joint-stock commercial bank, said in October that its parent, China Everbright Group Ltd, had converted 5.8 billion yuan of convertible bonds to equity capital. The move will help boost its "core tier-1" capital to risk-weighted assets ratio－a key gauge to measure banks' capital cushion－by 15 basis points, according to Moody's Investors Service, a global credit ratings agency.
