Dutch farming cooperative Royal FrieslandCampina NV, one of the five largest dairy companies in the world, is planning to increase its revenue from China to 2 billion euros ($2.2 billion).
The Chinese government has allocated 300 million yuan (47 million US dollars) to disaster relief efforts in typhoon-hit Guangdong and Guangxi as well as drought-affected Inner Mongolia and Shanxi.
Despite China's economic slowdown, the Inner Mongolia autonomous region recorded better-than-average economic growth over the last two years thanks to the opportunities provided by the Belt and Road Initiative.
China, Russia and Mongolia have signed a string of cross-border tourism cooperation agreements as part of the efforts to push the construction of the economic corridor among the three countries.
A bullet train departed Hohhot East Railway Station for Ulanqab marking the start of high-speed rail services using Inner Mongolia’s first newly-laid high-speed railway on Aug 3.
This year marks the 70th anniversary of the establishment of the autonomous region, during which various celebrations are planned to showcase its prosperity and ethnic diversity.
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