The two parties plan to expand the scale of the fund in the following years. "The second phase of the fund is expected to raise billion, sending the total value of assets invested by the fund to billion," said Jiang Xuetao, managing partner of Xinjin Investment Holding Ltd, CITIC Group's investment platform which functions as the fund manager.
The two sides also agreed to sign an auditing oversight cooperation agreement, and intensify communication and coordination on taxation reform measures to facilitate bilateral trade and investment cooperation.
The two parties and peoples of the two countries have always weathered all tempests while sharing weal and woe with each other in the course of defending and developing the cause of socialism and have written a history of great friendship, Kim said.
The ultra small plug-in car was a rental that Feng booked online, one of 220 EvCard electric vehicles (EVs) lined up at the Hongqiao hub, near a high-speed railway station and two airport terminals.
The two summits are taking place at a time when COVID-19 continues to strike many countries around the world, including ASEAN nations, posing a grave threat to human health and safety, while fueling worries about its huge impact on economy regionally and globally.
The two also clashed on issues such as banning transgender recruits from the military, canceling the joint US-Republic of Korea military exercises, pulling the United States out of the Iran nuclear deal, and the deployment of troops to the US-Mexico border.
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The trains connect 59 Chinese cities with 49 cities in 15 European countries.
The two countries and the rest of the world have undergone great changes, and the two countries need to find a new way of managing their bilateral ties, Paulson said.
The trial reform aims to help address key problems that have long clouded the development of the industry, Liu said in an interview with Xinhua News Agency on Nov 10.
The two companies were previously under China Electronics Corp. They also announced they were joining hands with the Tianjin municipal government to develop a self-independent OS whose headquarters will be in the North China municipality.