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China also experienced a comparable trend of modernization. So, property companies' experience in the China market will likely give them a head start in those markets compared to competitors from developed countries, he said.

China Daily journalist Wang Zhuangfei at Erhai Lake in Dali, Yunnan province, on Sept 23, 2019. [Photo provided to chinadaily.com.cn]

China and the United States should use international multilateral governance frameworks to deal with trade friction and prevent broader headwinds for global economic growth during the second half of this year, experts said.

China COSCO Shipping also aimed to increase the country's logistic industry output from 400 million euros in 2015 to 2.5 billion euros by 2025 through the Port of Piraeus.

China and other countries would like to invest along the Belt and Road. But the investment climate needs to be good. There are a lot of infrastructure needs, but the policy environment for infrastructure investment needs to be right. A great deal of reforms will also be necessary to make the Belt and Road Initiative a success. Then, of course, there is the infrastructure itself, which will require quite a bit of financing, and that is one of the areas that the World Bank and our colleagues from the private sector arm, the International Financial Corporation, are focusing our efforts on. We are looking at policy, sectoral investment climate, and financing as well.