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China has been ASEAN's largest trading partner for 10 consecutive years. The 10-nation bloc became China's largest trading partner for the first time in the first quarter of this year, surpassing both the European Union and the United States, according to Xinhua News Agency.

China has been working to build a national real-name authentication system in a response to growing concerns about teenagers' addiction and overconsumption in online games, the official said.

China has deployed a series of fiscal policies, such as easing the tax burden on firms in the most vulnerable regions and sectors, including transportation, tourism, and hotels. The tax authorities have also offered tax extensions to cash-strapped businesses, and allowed for a temporary suspension of social security contributions for firms.

China has also contributed internationally by encouraging the Chinese sea transportation and civil aviation industries to participate in international efforts to combat illegal trade. It has also reminded Chinese companies and individuals in African countries not to participate in illegal ivory trade, he said.

China began to tighten its crackdown on illegal fundraising early this year to fend off financial risks in 2018, with online lending being one of the key fields that will be put under greater scrutiny.