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China will invest $820 million in cutting-edge battery tech, sources say. China is planning to invest around 6 billion yuan ($820 million), the most significant amount of its kind, to encourage the research and development of all-solid-state batteries, a cutting-edge battery technology at the heart of the next generation of electric vehicles, industrial sources told China Daily. Battery makers such as Contemporary Amperex Technology Co Ltd and Beijing Welion New Energy Technology, as well as automakers including BYD, FAW Group, SAIC Motor, and Zhejiang Geely Holding Group, will be supported to focus on the R&D of seven projects related to the disruptive tech, the sources said on condition of anonymity. It is expected to further drive a trillion yuan-level market and better contribute to a global green transformation and sustainable economic growth. But the final number of projects might come down to seven, another separate source said to China Daily, adding that CATL, the world'

BRI projects bring benefits to Serbia. Serbia's economy and people have enjoyed "multiple" outcomes from its cooperation in the Belt and Road Initiative, Serbian Ambassador to China Maja Stefanovic said, expressing her confidence that her country will continue to benefit from these projects. Serbia is one of the first countries to have joined the BRI, and Serbian President Aleksandar Vucic has attended all three Belt and Road Forums for International Cooperation that have been held. She said the plan's objective is "realizing mutual benefit, win-win outcomes, and common development" by implementing relevant cooperation projects. In a meeting with Xi in Beijing in 2018, Vucic said the revival of the steel mill is a successful example showing that the BRI has boosted employment and economic growth in Serbia. Looking into the future, Stefanovic said her country is ready to explore cooperation with China in cutting-edge areas such as artificial intelligence, inf

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