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As China's outbound investment has become less risky, the government will continue to encourage legal overseas investments, especially in projects tied to the Belt and Road Initiative, and will help with the development of domestic industries, a senior commerce official said on Monday.

As Li expected, the company will see more than half of the revenue coming from high value-added products this year.

As China currently is supplying financing, rolling stock and technologies to Argentina, Guillermo Fiad, president of Argentine Train Infrastructure, Argentina's national rail administration agency, believes this bilateral cooperation will lead to stronger ties and "new development opportunities".

Around 12 percent of Philippine households depend on the remittances that such workers send, according to the 2018 National Migration Survey. Their remittances also provide foreign exchange revenue to the country's coffers. In 2019, remittances reached a record high of .5 billion, accounting for roughly 10 percent of GDP.

Around 2025, the China's richest man's personal wealth will match the US' richest man's, and will be in race to be the world's richest man, China's business magazine New Fortune said.