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The Belt and Road Initiative is the practice of the concept, Xi said, adding the initiative has become a huge cooperation platform for countries concerned to realize their common development.

The CNPC chairman said the company should speed up cooperation with resource countries to develop assets in order to meet China's growing need for oil and gas.

The Blue House said Moon and Trump will continue to closely cooperate in advancing situations on the peninsula based on the fruits borne at the inter-Korean summit.

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The Beijing-based company plans to set up branches and expand its English and Chinese business in 10 cities abroad including Seoul, Tokyo, London, Singapore, Madrid and Buenos Aires in the next three years, she added.

The Beijing meteorological center had issued a blue alert on Thursday for continuous low temperatures, which is expected to last until the weekend and could plunge below -10 C.

The British government is a staunch supporter of the initiative.

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The BRI, proposed by China in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road. It aims at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of the Silk Road.

The Blue Book of New Energy Vehicles released earlier this month estimates that the annual sales volume for such cars will hit 700,000 vehicles in China.

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The Big Fund has previously invested in some 50 companies in the chip industry, including Hong Kong-listed Semiconductor Manufacturing International Corp and Yangtze Memory Technologies, a 3D NAND flash chip maker.

The Belt and Road Initiative has provided a new platform and a test ground for the two countries to deepen mutually beneficial cooperation, he said.