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China is open to increasing its import quota of Indonesian palm oil by at least 500,000 tonnes, Premier Li Keqiang said on Monday, speaking after a meeting with Indonesian President Joko Widodo at the country's presidential palace in Bogor. [Photo/Agencies]

China is the second-largest client of the Panama Canal after the United States. A number of Chinese companies, including Huawei, also have established their branches in Panama, known as the "hub of the Americas".

China is now the third-largest export market for Latin America. Exports to China accounted for 10 percent of the region's total exports in 2017, up from just 1 percent in the year 2000.

China has taken a series of measures to curb the fast rise of financing costs faced by private companies, and is set to take a multipronged approach to further cut the financing costs for small and micro companies by another 1 percentage point this year.

China is becoming increasingly innovative and is on course to meet its target of becoming a global technology leader within 15 years, according to some of the world's leading scientific experts.