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China and Portugal enjoy a friendly and traditional relationship with a long history of people-to-people exchanges. Since the establishment of diplomatic relations between the two countries in 1979, our friendly cooperation in such fields as politics, economy, trade, culture, science and technology, and the military has continued to develop. In 2005, China and Portugal announced the establishment of a comprehensive strategic partnership, setting up a solid foundation for the historic transformation of bilateral ties in broader fields, in a more profound way and at a higher level. At present, China-Portugal relations are at an all-time high, and are both mature and stable, and full of vitality.

China Construction Bank Corp, the country's second-largest commercial lender by assets, recently announced that its personal consumer loans reached 192.7 billion yuan (.6 billion) as at the end of 2017, up a whopping 157 percent year-on-year.

China FAW Group Co Ltd, a Changchun-based State-owned automaker, plans to invest 110 billion yuan (.2 billion) in new technologies and products such as new energy, connected and smart vehicles during the 14th Five-Year Plan period (2021-25).

China Telecom did not immediately respond to requests for comment. The company's US unit has held the license to provide services in the US since 2007.

China and Russia have maintained close strategic coordination on global and regional affairs, serving as a sort of ballast in safeguarding global and regional peace, security and stability, Xi added.