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"For instance, travel time from Lianyungang to Shanghai will be cut by four hours and 50 minutes to 3.5 hours," Chen Wanjun, an official with China Railway Shanghai Group, said during a news conference on Thursday.

"For the region to be able to endure these difficult times, more economic cooperation is needed, not less," she said. "The prosperity of an economy depends on the prosperity of its neighbors."

"Financial issues are also important for us under the framework of BRI," he added. "We're working a lot on the connections between the two peoples, think tanks and education institutions. If people are better connected, economic connectivity can also be improved."

"Government moves to reduce business-related fees are crucial, because they will discourage companies from trying to avoid fees, and that will gradually build a business environment that more people will believe in."

"Fighting counterfeits is capital intensive and a highly complicated process. Pinduoduo has learnt a lot from the likes of Alibaba and imposed stricter fines on unlawful merchants," Huang told a media briefing on Thursday.