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The Chinese project has been funded by the central government, and the reactors are expected to be operational by 2020, according to a statement on the Chinese Academy of Sciences' website.

The Commissioner's Office expressed firm opposition to UK politicians for flagrantly interfering in China's internal affairs, and trampling upon international law and basic norms governing international relations.

The EU is also a strong supporter of the Belt and Road Initiative. The over-arching principle of connectivity is a concept shared by the EU and China. Both sides are already working on a number of major infrastructure projects and more will be discussed at the Belt and Road Forum in Beijing. Several European countries have joined the Asian Infrastructure Investment Bank while China has joined the European Bank for Reconstruction and Development, which improves mutual understanding and transparency.

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The Dalian ceremony also marked the opening of the first road caravan route for the 5,600 kilometer journey from Dalian to Novosibirsk in Russia. TIR is expected to play a pivotal role along the new route by expediting customs clearance and efficiency.

The Chinese national flags and flags of the Hong Kong SAR flutter in Hong Kong. [Photo/Xinhua]

The Customs House clock has been a fixture on the Bund in Shanghai for more than 90 years. [Photo by WANG YADONG/FOR CHINA DAILY]

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The Chinese vice premier also said that the China-US relationship is one of the most important bilateral relationships in the world. Despite differences in their political systems, ideologies and other aspects, the two countries have a lot of shared interests, and can certainly find a way to manage their differences and engage in win-win cooperation, he said.

The DPRK's first vice-foreign minister, Kim Kye-gwan, said on Wednesday that the country has no interest in a summit with the US if it's going to be a "one-sided" affair in which the DPRK is pressured to give up its nuclear weapons.

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The Dow lost 2,013.76 points, or 7.79 percent, and closed at 23,851.02 The S&P 500 fell 7 percent shortly after the opening bell, forcing a temporary halt to trading. The index lost 225.81 points, or 7.60 percent, and closed at 2,74656. The Nasdaq Composite fell 624.94 points, or 7.29 percent, and closed at 7,950.68.

The European Union (excluding the UK), United States and Association of Southeast Asian Nations were the city's top three trading partners.