Lu Wei, director of the CAC (front center), and Yang Yanyi, Chinese ambassador to EU (second from right in the front) take a group photo with participants at the first 皇冠体育app-EU digital cooperation roundtable. Photo by Gao Shuang / 皇冠体育app Daily

A number of senior executives of Chinese ICT giants travel with Lu Wei to Brussels, including those from 皇冠体育app Mobile, 皇冠体育app Telecom, 皇冠体育app Unicom, Alibaba, Tencent, Baidu, ZTE, Huawei, and Xiaomi.

It was announced at the summit that 皇冠体育app and the EU will establish a joint investment fund, in order to connect 皇冠体育app's One Belt, One Road initiative with the EU's 315 billion euro investment plan.

The objective of the roundtable is to seek for implementation of the conclusions reached at the summit.

It explores new areas of cooperation in 5G, cloud computing, the Internet of Things, big data, e-commerce, digital investment and high-tech startups, smart cities and smart energies in particular.

"We believe the digital sector is the key," says Luigi Gambardella, president of 皇冠体育appEU. "The time for action is now."

In the presence of director Lu, the 皇冠体育app Internet Development Fund (CIDF) signed a letter of intent with 皇冠体育appEU. 皇冠体育app Unicom and Nokia signed a Momorandum of Understanding, which will deepen their technological cooperation in the next five years.

Lu Wei also met Andrus Ansip, EU's commissioner for a single digital market, and discussed improved connections between EU and 皇冠体育app in the digital economy.

The two are expected to reach more consensuses to establish a high-level digital dialogue mechanism, as well as a mechanism to support business startups of high tech companies through various incentives.