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Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Oil Co. [Photo/VCG]

TIANJIN -- Tianjin Economic and Technological Development Area (TEDA) has signed a contact to build an offshore wind power station to power its petrochemical industries.

Sunday's meeting also approved a new party platform which pledged to oppose "Taiwan independence."

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Sylvie Ouziel, the company's Group CEO for Assistance, who is also responsible for the Asia-Pacific region, said, "It is very easy to build a profitable business in China but hard to continue. You have to keep on renovating to keep up with latest advances in the industry."

Sun Long and his team took over the project in July 2018 from an earlier group at the university.

TAIYUAN - While China has seen 55.64 million rural people lifted out of poverty in more than four years, "abject poverty" remains, and so President Xi Jinping has put himself on the frontline.

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THE HAGUE - Because of its substantial economic growth and considerable effort to get New Energy Vehicles off the ground, China is regarded as a promising trade partner for giving impetus to smart zero emission mobility, said a Dutch government statement published Friday.

Sun said he did not see much significance to the tool of buying national bonds for monetary policies, as issuance of China's paper notes is based on the materials the state has rather than fiscal credit. Furthermore, Sun warned of fiscal deficit monetization in the case of PBOC's national bonds purchase in the market.

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Susan Shirk, chair of the 21st Century China Center at the University of California, San Diego, said the Belt and Road Initiative could be a real way of building many friends for China.

Szijjártó said China is one of the biggest foreign investors in Hungary and is crucial to the country's economic transformation from being a manufacturing center to an innovation and development hub.