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Apart from cooperating with Alibaba, Guizhou has agreed a partnership deal for an electronics college with the National Institute of Information Technology in India.

Another 500 manufacturing companies will be closed and more than 40 state-owned companies will be moved out of the city proper, Chen said in the report.

Anne BRUANT-BISSON, Counselor for Health and Social Affairs of French Embassy to China, said at the launch ceremony that the Sanofi China Health Road Project is a new and major step in Sino-French cooperation in the field of primary healthcare. Such an initiative is totally fitting into the Healthy China 2030 Government's plan while contributing to global cooperation China's and France's Health Ministers have agreed to enhance.

Apart from economic and trade cooperation, cultural exchanges are also an important part of the France-China ties, he said.

Another groundbreaking initiative, the Shanghai-London Stock Connect, commenced trading on June 17. The connect brings Shanghai and London bourses together with the issuance of depository receipts that are exchangeable with stocks listed on the other exchange.