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China is expected to add 110 million metric tons of new refining capacity during the coming five years, according to an industry report.
China is the company's second largest market, behind only the US, Makatsaria said. As China remains a key growth engine globally for Johnson & Johnson, the company hopes that China will overtake the US and become the group's largest income contributor in the near future, he added.
China is the biggest trading partner of the Philippines and also its top import source. Bilateral trade reached around .7 billion last year representing a year-on-year increase of 8.5 percent, and Chinese investment in the Philippines increased by over 80 times from 576 million yuan (.5 million) in 2017 to 48.7 billion yuan in 2018, according to the Ministry of Commerce.
China is one of the most rapidly urbanizing countries in the world. Its urban population stands at more than 800 million. That number is expected to soar to 1 billion by 2030, the administration said.
China is the biggest import source and second largest export destination for Russia's Far Eastern Federal District and Chinese enterprises have invested in 26 projects in this region so far.
来源：资阳报