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China initiated the LMC Special Fund during the first LMC Leaders' meeting in Sanya of southern China's Hainan province in March 2016 with the aim of supporting the small- and medium-sized cooperation projects put forward by the six Lancang-Mekong countries.

China is now the world's second-largest economy, while its per capita income is still only about one-fifth of the average in areas with high incomes.

China has put forward the Belt and Road Initiative and is pursuing it in a spirit of extensive consultation, joint contribution and shared benefits. This initiative is well received and supported by various parties. The successful and fruitful Belt and Road Forum for International Cooperation held in Beijing in May marked a new stage of full implementation. Going forward, China will deepen policy, infrastructure, trade, financial and people-to-people connectivity with our Asia-Pacific partners, seek interconnected development and move toward a community of shared future.

China is also forecast to have 450 million 5G connections by 2025, the most worldwide, driven by significant operator investment and growing enthusiasm among consumers and enterprises, GSMA said.

China is strengthening efforts in creating a fair and favorable business environment for all parties and in better protecting companies' "legitimate rights and interests", he said.