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Announced by Chinese President Xi Jinping in 2013, the 'Belt and Road Initiative' aims to build a trans Euro-Asia economic belt stretching from China to the Horn of Africa. Since the trade network was announced significant strides have been made to connect trade opportunities including a freight train from London to Yiwu, China, and an electric railway connecting Ethiopia and Djibouti. More is planned, not only boosting trade, but bringing much-needed ICT and sustainable technologies, which could contribute to capacity building in the most vulnerable countries.

Another carving store owner, who gave only her surname, Huang, reported a similar situation. The sales of ornamental carvings of mammoth tusk, bone, wood and stones in her store has even enjoyed a slight rise since the ban took effect, she said.

Another highlight of the business system reform will be about the production license system. Efforts will focus on delegating power in a bid to boost efficiency, enhancing supervision, and improving government services in this area, said Sun Huichuan, an official with the SMAR in charge of quality oversight.

Another 1 million is being used to upgrade and restore the Rumford mill in Maine.

Anthony Tan, Grab's Group CEO and co-founder, said with the support of Didi and SoftBank, Grab will achieve an unassailable market lead in ridesharing, and build on this to make GrabPay the payment solution of choice for Southeast Asia.