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China expects to align its development strategy with Cambodia, and take the opportunity of the Belt and Road Initiative to facilitate bilateral capacity and investment cooperation, he said.

China currently accounts for 15 percent of the world's commercial airplane fleet. By 2037, this figure will reach 18 percent, the report said.

China announced the "Made in China 2025" blueprint in 2015 as a way to move manufacturing up in the value chain, promoting development in 10 key sectors such as medical devices and robotics. Authorities have promised "multi-pronged financial support" to implement the strategy.

China has established a bailout fund with a fundraising target of 100 billion yuan (.24 billion) to support centrally administered State-owned enterprises short on cash in order to avoid possible bond defaults, said the country's top State-assets regulator.

China announced revised regulations on Friday to implement the new version of the Budget Law, which will take effect on Oct 1. The move underscores the authorities' goals of tightening budget management and curbing risks in local government debt, according to the Ministry of Finance.