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China has pledged to step up support to boost the private sector by rolling out more tax cut measures and alleviating liquidity pressure of the private sector. [Photo/VCG]

China has pledged to reciprocate the US tariff moves with duties on an equivalent value of US products.

China is ready to work with Singapore to expand cooperation under the Belt and Road Initiative (BRI). Lying at an intersection between two oceans and between land and sea, Singapore is a natural partner of the BRI. In May last year, the two sides signed the MOU on Belt and Road cooperation. We are now working vigorously to build the three cooperation platforms ofconnectivity, financial support, and third party cooperation. The New Land-Sea Corridor connecting our two countries has made better-than-expected progress. The Guangzhou Knowledge City has been elevated to a national-level project between the two sides. Third party cooperation is another promising area. We encourage our businesses to actively explore possibilities of cooperation in infrastructure, petrochemicals, shippingand logistics, industrial parks, e-commerce and other sectors on the basis of market principles and in line with the wishes of host countries.

China is forecast to have more than 150 million 5G mobile subscribers by the end of this year as the nation's efforts to expedite construction of new infrastructure are expected to help fuel economic growth, experts and company executives said.

China has set a good example to the world in fighting corruption. China's anti-graft work also has been very efficient in the past five years, said Tuvshin Nanalmaa, a prosecutor from Mongolia. She and 23 other prosecutors learned about China's legal and prosecutorial system at the academy.