Twenty years after joining the WTO, China has grown into the world's second largest economy, the No 1 trader in goods and the largest destination for foreign investment.
Since 2013, China has rolled out a series of State-level regional development strategies to create new economic growth poles, push forward integrated and coordinated development, and explore ways of sustainable development for future generations. Click to know more details!
What exactly is the Belt and Road? How does it work? What do people misunderstand about it? Journalist Erik Nilsson explains the initiative to his 5-year-old daughter, Liliana, in China Daily's "Belt and Road Bedtime Stories" series.
It is expected to: fully leverage its leading function as a national core city and an integrated gateway city; strengthen its functions as an international commerce and industry center, as well as its role as an integrated transport hub; enhance its function as technological, educational, and cultural centers; and develop into a global metropolis.
China's fiscal measures will help accelerate higher-level opening-up in the Yangtze River Economic Belt, and promote the transformation and upgrade of the region's foreign trade.