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4.Infrastructure Cooperation Program between the Government of the People's Republic China and the Government of the Republic of the Philippines

Apart from reducing administrative approvals, China will continue to remove hidden obstacles for private capital to enter key sectors, reinforcing financing support for private investment, he said.

Xi then visited the theater command's headquarters. After hearing a report on their work, he underlined the importance of preparing for war and combat, while taking consideration of various complex situations, improving response plans and focusing on real-combat training.

The Chinese president said the Philippines is an important partner in jointly building the Belt and Road and urged both sides to deepen the synergy between the Belt and Road Initiative and the Philippines' development plans, and boost cooperation in fields such as infrastructural construction, telecommunications and agriculture.

As the APEC has entered a critical stage of development, the Chinese side believes that all parties should demonstrate a responsible and constructive attitude, and calls for negotiation under the rules made collectively when encountering differences, rather than setting barriers, according to Hua.