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At the launch ceremony, Philippine consumers experienced buying goods and services through scanning QR codes by a mobile phone app called GCash. Business owners also benefited from not having to install expensive machines as they only needed a QR code sticker which buyers can scan to pay.

At the 2018 annual conference of the Boao Forum for Asia in April, China announced several significant measures to enhance opening-up, including cutting auto import taxes, and has promised to ease limitation on foreign equity in banking, security, and insurance industries.

At the Monday morning session, experts provided insight into growing trends in the Chinese outbound market. Increasing numbers of independent travelers are setting off from China, whereas in the past Chinese tourists have provided big business for group tour companies. Travelling Chinese millennials are generally adventurous and bilingual, and are looking to have unique experiences off the beaten track, the audience heard.

At present, the Chinese people are concerned about the development of the COVID-19 outbreak in Pakistan. All sectors of the Chinese society have acted spontaneously to make donations and offer as much help as they can to the brotherly and sisterly people in Pakistan, he said.

Atlanta-based Delta Airlines announced on Thursday it will add another two weekly flights between the United States and China starting Aug 24 to meet increasing travel demand. At present, Delta provides two flights between the two countries per week.