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The Belt and Road Initiative is a new vision and focus of tourism development that will drive China's cruise tourism economy to a brand new era, said experts at an international meeting that attracted more than 700 officials and experts, including top officials from all leading global cruise operators, to Sanya, Hainan province.

The BJ40 Plus model is a heavyweight member of BAIC Group's SUV lineup with its muscular design and excellent off-road capabilities. [Photo provided to China Daily]

The Beijing-Tianjin-Hebei integrated development plan, a part of China's national strategies, has achieved tangible results since its inception five years ago and helped the government to redistribute resources and industries in the capital to nearby regions for better growth, a senior official said.

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The Blue House said earlier this year that the ROK and the DPRK declared an actual non-aggression agreement through the comprehensive military agreement, which was signed by defense chiefs of the two Koreas at the third summit between Moon and Kim in Pyongyang last September.

The Belt and Road Initiative aims to create a trade and infrastructure network connecting Asia with Europe, Africa and beyond along and beyond ancient trade routes.

The BRICS bank will provide 0 million of a government-guaranteed project loan to China for construction of a new metro line in Luoyang, Henan province, the NDB said in a news release on its website.

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The Belt and Road Initiative could play a key role in shoring up the precarious global economic recovery clouded by trade tensions, as it could not only bolster international trade and investment but help improve global governance, experts said on Tuesday.

The COVID-19 pandemic has had a massive impact on the group's international businesses, which take up about 83 percent of its total revenue. The domestic business has grown quickly from 1 percent in 2017 to 13 percent this year.

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The Belt and Road countries will be primary markets for our company in the future, said a man who works for Canca Group.

The Beijing-based group includes 107 financial institutions from five continents as its founding members.