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The initiative "combines not only one of the most transformational economic development initiatives, but also if done right, will bring a lot of positive changes in many of these countries, not just economically, but politically and in many other sectors," Zubaid Ahmad, the founder and managing partner of Caravanserai Partners LLC, said.

The implementation process involves the Metropolitan Bank, the Popular Bank of Savings and the Bank of Credit and Commerce, and the state-owned telecommunications company, Etecsa.

The increasing demand from China means a huge market for CEEC manufacturers. A Chinese company which bought in Lobkowicz Brewery Group in the Czech Republic not only helped preserve its traditional brewery skills, but also hopefully brought the prestigious Czech beer to Chinese groceries through China-Europe regular freight trains.

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The industry composition of Chinese investment has also shifted notably in the first half of this year in both Europe and North America, according to the report. Sectors including automotive, health and biotech, and consumer products and services became the top recipients of Chinese foreign direct investment in both regions. The real estate and hospitality sector lost its top spot but still remained a sizeable attractor of Chinese capital.

The inspection will aim at pushing the central Party and state institutions to enhance their political building and focus on how they implement the Party's principles and policies and decisions made by the CPC Central Committee, Zhao said.

The index for the construction industry, which was affected by extreme weather, dropped from 62.5 in July to 58 in August, according to the NBS.

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The huge influx of "northbound capital", which flowed from overseas to the mainland through stock connect programs linking onshore and offshore capital markets, indicated that global investors are buying Chinese stocks. The rally resulted in large demand for the renminbi and strengthened its value, Guan Tao, chief global economist at BOC International (China) Co Ltd, told China Daily.

The industry, which includes e-books, digital newspapers and magazines and mobile book applications, is expected to reach a market value of more than 7 billion yuan in 2020, according to the report released by data provider iResearch.

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The idea of relocating is not new, according to Gervasius Samosir, a Jakarta-based consultant with global group YCP Solidiance. "Presidents from Sukarno onward have mentioned the need to relocate the capital," he told China Daily.

The initial green costs of making the building design green can be recovered in two years, as the electricity and water consumption can be dramatically reduced, he added.