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China is "entirely confident in, and capable of, winning the battle to prevent and resolve financial risks", Vice-Premier Liu He said on Tuesday as the country's top political advisers called for strengthening measures to prevent financial risks.
China is ready to work with Singapore to deepen financial cooperation. The scale of currency swaps betweenus has reached RMB300 billion (US billion). The two sides are positively considering renewingour currency swap agreement to encourage local currency settlement in investment and trade. Singapore is a major international financial center with mature regulatory models and rich financial resources. China supports dialogue and exchanges between our financial regulators and encouragesour financial institutionsto developbusiness cooperation in accordance with commercial rules. We can also explorethe setting-up of a comprehensive and all-dimensional financial support platform. The fintech agreement we just signed should be well implemented to promote the sound and orderlyfinancial cooperation in e-payment and other emerging areas.
China has since become the world's third-largest space power, following Russia in its mastery of the assembly and adjustment of docking mechanisms. It is now preparing for the development of a permanent space station.
China is the Philippines' top trading partner in 2017 with a total bilateral trade valued at .82 billion. China also ranked fourth biggest export market for the Philippines last year and the Philippines' top import source.
China has set up human rights dialogues and consultation with the EU, the United States, Britain and Germany to promote mutual respect and better understanding of each other, she said.