The Research Center for the Belt and Road Financial and Economic Development, which aims to offer intellectual support for the Belt and Road Initiative projects, was established on June 16, Xinhua reports.
The news comes a month after President Xi Jinping announced China's renewed drive to create mechanisms and institutions to support the Belt and Road projects during a speech at the Belt and Road Forum for International Cooperation.
The research center has been founded at the Xiamen National Accounting Institute, Fujian province, a direct affiliate of the Finance Ministry for education and research on accounting, auditing and public finance.
The center is primarily tasked with giving advice to decision makers in the areas of finance, economics, law and regulations for those looking to get involved in the initiative. It will offer professional training for government officials and corporate executives as well as hosting regular economic seminars to promote academic exchange.
China announced and implemented on May 15 a policy allowing visa-free entry of foreign tourist groups aboard cruise ships via all cruise ship ports along the country's coastline.
China and Georgia are set to waive visa requirements for travelers starting May 28.
