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China is now the Philippines' largest trade partner, largest source of imports and its fourth-largest export destination. Bilateral trade reached .2 billion last year, a year-on-year increase of 8.5 percent.
China has produced substantial achievements under the framework of the Belt and Road, having implemented a group of major energy projects, Zhang said.
China has set its full-year growth target at "around 6.5 percent." The 6.7-percent forecast will leave the world's second-largest economy on a par with its growth level in 2016.
China is a big paper user and producer. According to the China Paper Association, China produced 9.2 million tons of household paper in 2016, up 4 percent from a year ago. Consumption of household paper during the same period was 8.5 million tons, a yearly increase of 4.5 percent.
China has remained New Zealand's top trading partner since the December 2017 year, followed by Australia. China, Australia, and the European Union (EU) account for nearly half of New Zealand's total trade with the rest of the world, it said.
