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The regional grouping was initially established by Argentina, Brazil, Paraguay and Uruguay, and Venezuela subsequently joined.

The report prioritized transparency as one of the three core principles that BRI participating economies should comply with to maximize benefits and mitigate risks brought by the initiative.

The report predicts that the number of high net worth individuals or HNWIs－those who own investable assets of over 10 million yuan－in China will climb to 1.87 million this year, up 18 percent from 1.58 million in 2016.

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The report said several other factors have also impacted upon investment levels. These include strong competition from South Korean investors, the steady recovery of the pound against the renminbi, and the UK's scheduled withdrawal from the EU on March 29, 2019.

The release said that the ROK has acknowledged China's stance and concerns on the deployment of the THAAD missile system.

The report also suggested adjustments in the distribution of intellectual property. Currently, patents created by faculty members and staff are owned by universities unless inventors buy out the patent at unaffordable prices. Some global institutions allow inventors to assume full ownership if the invention is independently commercialized.

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The registered capital will soon double to 20 million yuan from the current 10 million yuan, she added. The company now has two other stockholders. They are Xiamen Aircraft Leasing Co Ltd and Sichuan Haite Industry Co Ltd.

The report from BCG showed that since 2012, investment in medical institutions has grown at a compound annual growth rate of 80 percent, realizing a fiftyfold increase from 2012 to 2018. Between 2015 and 2016 a record number of deals took place.

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The relationship between the two countries "could be seen as a model for nations to live together in harmony and cooperate for mutual benefits," Xiong said.

The report shows that white goods export recorded .1 billion in 2018, a year-on-year rise of 9.6 percent.