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The integrated circuit industry provides chips for smartphones, TVs, automotive and other electronic devices. The fund, which raised about billion previously, is near to closing a 120 billion yuan (.9 billion) investment round for a second fund to help China secure a leading position in semiconductor design and manufacturing, Reuters reported.

The initiative seeks to build a network of infrastructure connecting China to Asia, Europe and Africa through highways, bridges, sea ports and industrial parks.

The inter-Korean hotline was suspended after Seoul closed an industrial park in the DPRK's border town of Kaesong following Pyongyang's nuclear test in January 2016.

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The index opens at 9 am on every workday and is updated every five minutes until closing at 5 pm.

The initiative comes at a time when foreign direct investment rarely showed drops in the first eight months, although new data in September showed a moderate rebound.

The industrial sector continued to show improvement in cutting leverage, as the debt-to-asset ratios of major industrial firms dropped by 0.6 percentage point year-on-year to 56.6 percent by the end of May.

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The impact of a seven-year war drove Syria into third place in the survey, amid concerns over access to healthcare and both sexual and non-sexual violence.

The innovations ranged from a mechanical spider Arachnobot, deployable in disaster situations where human lives would be at risk, to Smart Med, a cheap alternative for early identification of lung cancer, to an app to support education.

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The initiative can be a model for other regions to follow when dealing with such challenges, he said. Strong regional cooperation is a major building block for successful global cooperation while people recognize that a purely market-driven global economy creates its own systemic challenges, such as a lack of inclusion and risk resilience, Schwab said.

The incoming SAR government will introduce a series of fiscal and tax measures to improve Hong Kong's competitive edges so as to achieve growth in both traditional and emerging industries, Lam said.