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China is in the middle of capacity cuts in the coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.
China is the world's third-largest importer of LNG and is on pace to surpass the Republic of Korea and Japan as the largest market in the world.
China is the biggest trading partner of the Philippines and also its top import source. Bilateral trade reached around .7 billion last year representing a year-on-year increase of 8.5 percent, and Chinese investment in the Philippines increased by over 80 times from 576 million yuan (.5 million) in 2017 to 48.7 billion yuan in 2018, according to the Ministry of Commerce.
China is pursuing the realization of the two centenary goals, he said, adding that all the people who have witnessed China's development in one generation will have no doubt that China will fulfill its dream.
China is getting increasingly intertwined with the rest of the world in deepening international cooperation, Zhao added.
来源：资阳报