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As the concept evolves from jargon to practice, China's tech giants are busy throwing their hats into the ring. First, it was Alibaba Group Holding Ltd that pitched its tent. It has clinched a flurry of stake-controlling deals, from InTime Retail to RT-Mart, or built its own retail prototypes like the Hema Fresh Market in order to take on existing physical stores.

As the BRI is now well-known globally, there is less need to engage in self-promotion, the report said, and, as a result, the forum is expected to focus more on implementation of the initiative and make greater reference to "we have done this" and "we will do this".

As the ninth BRICS summit will be held in Xiamen city in Fujian province in September, the official BRICS Summit Media Center website (www.bricschn.org) went online on Monday.

As the country designs its development blueprint for the next five years and beyond, and drives its dual-circulation development pattern, Saint-Gobain looks forward to exploiting the new opportunities arising from China's sustainable growth, he said.

As to American arms sale to Taiwan, that is a “very good” example of American intervention in Chinese internal affairs, he said.