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China has said the current international system is like a well-designed building with multilateralism being its cornerstone. The need is not to build another structure but to renovate the existing one to better reflect the new reality and meet countries’ needs.

China has provided examples that other countries can learn from, said Kaveh Zahedi, deputy executive secretary of the United Nations Economic and Social Commission for Asia and the Pacific.

China is not exempt from the impacts of climate change.

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 making concerted efforts to revise the catalog of industries to encourage foreign investment and further promote opening-up, and accelerate the construction of a new open economy in the country, a senior official with the Ministry of Commerce said on Tuesday.