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China and the Philippines signed 29 cooperation documents during Xi's state visit, 11 of which are infrastructure-related. These include an infrastructure cooperation program; joint development of industrial parks; feasibility studies for roads and bridges projects in central and southern Philippines; and a loan agreement on the New Centennial Water Source-Kaliwa Dam Project.

China also has bilateral deals with non-ASEAN members of RCEP like Australia and New Zealand, which have also helped make China an important partner to these countries.

China accounted for nearly 40 percent of new green bonds last year, followed by the United States, France and Germany, said Moody's.

China National Commission for Disaster Reduction and the Ministry of Civil Affairs have jointly issued grade-IV emergency responses and have sent teams to assist in disaster-hit areas.

China Mobile claimed its 5G services will be available in more than 40 cities by the end of September..