Chinese Premier Li Keqiang spoke at the opening of the 12th World Economic Forum's Annual Meeting of the New Champions, or Summer Davos Forum, in the coastal Chinese city of Tianjin.
He also held talks with leaders from Estonia, Latvia, Serbia and Samoa, and exchange ideas with representatives of the business, finance, think tank and media circles.
The three-day event is being held with the theme, "Shaping Innovative Societies in the Fourth Industrial Revolution.”
More than 2,000 government, business, academic and media representatives from nearly 90 countries and regions are attending the event. (CGTN)
China to invest multi-billion dollars to develop digital economy
China will invest 100 billion yuan for developing the digital economy in the next five years.
The investments will go to projects on big data, internet of things, cloud computing, smart cities and the digital Silk Road.
Development of digital economy is listed as an important task for building modern economic setup in China and achieve high-quality development. China has attained vital progress in the cause over the past years by way of rolling out a raft of measures, including a national big data strategy.
A report released by the Cyberspace Administration of China said that the size of China's digital economy grew to 27.2 trillion yuan last year. (People's Daily App)
Moon, Kim sign summit agreement in Pyongyang: Yonhap
North Korean leader Kim Jong-un and South Korean President Moon Jae-in signed an agreement at the end of their summit in Pyongyang on Wednesday.
The agreement was signed at the North's state guesthouse and broadcast live in Seoul.
The two countries also signed a fresh military agreement widely believed to be aimed at further reducing tensions between the divided Koreas.
Some have anticipated that the two sides could include an agreement on ways to prevent clashes in West Sea near the Northern Limit Line, a de facto sea border.
Kim said he agreed to visit Seoul in the near future. (People’s Daily app)
China to launch first Mars probe in July, 2020
China plans to launch its first Mars probe in July of 2020, followed by a second Mars mission in around 2028.
The probe is expected to land on the surface of Mars for exploration in the year of 2021 after 10 months of flying, said Li Guoping, spokesperson for the China National Space Administration.
The probe will carry 13 types of payload that will be used to collect data on the environment, morphology, surface structure and atmosphere of Mars, and will be launched on a Long March-5 carrier rocket from the Wenchang space launch center in southern China's Hainan Province. (Xinhua)
The 73rd session of the General Assembly kicks off at the UN Headquarters in New York
The 73rd session of the United Nations General Assembly opened on Wednesday, with its president pledging to use her year in office to bring the world body closer to the people and strengthen their sense of ownership and support for the UN.
In her first keynote address María Fernanda Espinosa said her work would defined by the need for stronger global leadership in the service of multilateralism, to ensure more peaceful, equitable and sustainable societies, would underscore her work.
For his part UN Secretary-General António Guterres stressed the importance of international cooperation, and for the Assembly to show the true value of working together. (People’s Daily app)
Beijing to introduce 'bus-pooling' service
Beijing will introduce "public bus pooling" in the city, which will enable passengers to go online and detail what their individual needs are for a bus journey.
The local public transport authority is setting up a "quasi door-to-door" bus service, that will put an end to the frustrations of disgruntled bus passengers complaining about long waiting times.
It says that it will focus on serving large, residential communities, with the aim of providing bus routes more catered to where there are large groups of people, rather than serving existing stops and making people sit through a pre-defined route. (People's Daily app)
China, Russia pledge to explore new areas of investment cooperation
And China and Russia agreed to further explore new areas of investment cooperation and create a more favorable investment and business environment for both sides.
The pledge came as Chinese Vice Premier Han Zheng co-hosted the fifth meeting of the China-Russia Investment Cooperation Committee with Russian First Deputy Prime Minister Anton Siluanov in Moscow.
Han said the establishment of the China-Russia Investment Cooperation Committee was a strategic measure taken under the guidance of both heads of state to comprehensively enhance bilateral cooperation and boost common prosperity.
Since it was set up in 2014, the committee has played an important role in promoting the synergy of development strategies of the two countries, strengthening policy communication and coordination, boosting exchanges and cooperation between Chinese and Russian enterprises, and pushing ahead with the implementation of major projects. (Xinhua)