"This initiative provides numerous opportunities for Chinese companies to carry out the Going Global strategy, and the Belt and Road Initiative. ... China COSCO Shipping will use its abundant overseas resources in this new project, and provide supporting services from our overseas shipping and ports networks."

Xu Lirong, chairman of the State-owned company. Earlier in June, China COSCO Shipping Corp snapped up a 51 percent stake of Noatum Port, a Spanish container terminal operator, for $227.81 million.

"The rapid development of financial technology has made great changes to the traditional financial industry."

Zhou Mubing, Agricultural Bank of China president. China's major internet search engine Baidu Inc announced a strategic partnership with the bank on June 20 to build an intelligent bank that uses big data, artificial intelligence and cloud computing.

"Business in the manufacturing and logistics industries from all Belt and Road economies should therefore increase cooperation around standardization initiatives, improvement of the security and reliability of technologies and dedicate efforts to labor skills and organizational changes."

Luigi Gambardella, president of ChinaEU, a nonprofit organization in Brussels that promotes bilateral digital and internet cooperation

(China Daily Africa Weekly 06/23/2017 page24)