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China and Rwanda established diplomatic relations in 1971. Over the past 47 years, our two countries have treated each other as equals with sincerity and friendship. Based on mutual trust and assistance, our friendship has stood the test of the changing international landscape and taken root in our people's hearts. In recent years, thanks to the concerted efforts of both sides, our bilateral ties have achieved fast expansion and demonstrated fresh vitality with fruitful cooperation in all areas. China has become Rwanda's biggest trading partner and project contractor. We are glad to see that the Amahoro National Stadium built by China has hosted many spectacular sports games and become a popular recreation and entertainment venue for the Rwandan people. The Musanze Integrated Polytechnic Regional Colleague has grown into the biggest professional training center in the Northern Province. The project of drilling 200 wells, soon to be delivered, will help ease water shortages for over 110,000 people. The garment factory that a Chinese entrepreneur has set up in response to President Kagame's "Made in Rwanda" development initiative is playing a positive role in growing Rwanda's manufacturing sector. Another Chinese company has made itself a household name in Rwanda as it undertakes 70% of Rwanda's national highway construction.

China House also established a workshop to advise Chinese enterprises on local labor laws and employment issues, and organizes conservation activities and promotes African understanding of Chinese companies.

China Merchants Bank Co Ltd, a Shenzhen-based commercial lender with a strong foothold in retail banking, applied facial recognition technology to help identify fraud during application process for an online personal loan product, with a fast, simple and automatic procedure of approval.

China University of Petroleum-Beijing is planning to recruit the first batch of foreign students in September to its Karamay campus in Northwest China's Xinjiang Uygur autonomous region, a move to promote the Belt and Road Initiative.

China International Capital Corporation predicted M2, a broad measure of money supply, is expected to grow by only about 9.6 percent in June year-on-year, the same as May. That level is significantly lower than those seen in recent years, which often reached 13 percent, arousing concerns from the financial markets.