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China's prudent monetary policy will be "kept neutral and be neither too tight nor too loose". [Photo/Agencies]

China-Singapore friendly relations and cooperation have come a long way in the past forty years. Looking ahead, China is ready to join hands with Singapore to advance the development of the Belt and Road and build the three cooperation platforms of connectivity, financial support and third party cooperation. Let’s make the pie of our trade and economic cooperation bigger, expand innovation cooperation and work to upgrade China-ASEAN cooperation. Continued progress in the China-Singapore all-round cooperative partnership progressing with the times will bring more benefits to our peoples and make new contributions to peace, stability and prosperity of Asia and the world.

China's sportswear giants like Li Ning, Anta and 361 Degrees have launched footwear and outfits for basketball, football, running, outdoor sports and athleisure wear long since their establishment, a similar product strategy to the big international names like Adidas and Nike.

China's percentage is lower than the 2.2 percent world average. India and Vietnam, two of China's neighbors, spent 2.5 percent and 2.4 percent in 2016, respectively, of GDP on the military.

Chinese President Xi Jinping put forward a new four-point proposal on the Palestinian issue during his talks with Palestinian President Mahmoud Abbas earlier this month, Wang said.