
The New Development Bank launched in Shanghai on July 21 is set up to finance infrastructure projects in the emerging economies of Brazil, Russia, India, China and South Africa.

An MOU in this regard was signed between Infosys and the local Chinese provincial government at the India-China Business Forum.

"India is also scaling up investments in next generation infrastructure, roads, ports, railways, airports, telecom, digital networks and clean energy", PM Narendra Modi said.

"We have decided to extend electronic tourist visas to Chinese nationals," PM Modi said addressing students and faculty at the prestigious Tsinghua University in Beijing.

The pollution occurred as a french fry supplier to McDonald's was upgrading its sewage treatment facilities. The polluted water flowed into urban pipe networks.

High-speed railways passing across the Korean Peninsula in Northeast Asia and linking China with West Asia as well as South Asia, are also on the schedule.

There is no denying that the lack of strategic mutual trust triggered by the border dispute still constitutes the biggest obstacle in China-India relations.

Lei also said Xiaomi will unveil a new heavyweight flagship product in January, without disclosing further details.

The proposed corridor could be the second largest in the world after China's 2,298 km-long Beijing-Guangzhou line which was launched last year.

The Bank, to be headquartered in Beijing, is expected to be operational by next year.





