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China has been Singapore's largest trading partner and Singapore has been China's largest foreign investor since 2013, said Singapore's Prime Minister Lee Hsien Loong on Saturday in an exchange of congratulatory message to commemorate the 30th anniversary of diplomatic relations between the two countries.

China granted licenses for commercial use of the new-generation wireless technology on June 6. In July, 72,000 units of 5G smartphones were shipped in the country, data from the China Academy of Information and Communications Technology showed.

China had more than 230 million people aged 60 or above at the end of 2016, 16.7 percent of the total population. The number of people aged 60 or above was 194 million in 2012, 14.3 percent of the total population.

China has allowed asset investment companies controlled by banks to set up investment plans with debt-to-equity swaps as underlying assets for the purpose of expanding sources of funding for lenders so they can invest in such debt-to-equity swaps.

China has emerged as a global pioneer in the sharing economy, with a wide range of businesses using the peer-to-peer, or P2P, model, the report added.By the end of 2018, there were 305 unicorns, or startups valued at more than billion, in the world, of which 83 were Chinese companies. And 34 of them were in the sharing economy sector, accounting for 41 percent of Chinese unicorns.