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China plans to extend the courier network and improve computer systems, services and international connections by 2020, when the target annual revenue of the courier sector will hit 800 billion yuan.

China issued a white paper entitled "China's Policies on Asia-Pacific Security Cooperation" for the first time this year, outlining China's concept of common, comprehensive, cooperative and sustainable security, which was in distinct contrast to the out-of-date security concepts of the Western world such as the Cold War mentality, zero-sum game and military force worship.

China remains the country's largest source for foreign direct investment. The country had invested .6 billion in Cambodia by the end of 2017. Chinese companies had created more than 20,000 jobs mainly in manufacturing, infrastructure, energy and service sectors for local communities.

China plans to reduce the tax burden and social insurance contributions of enterprises by nearly 2 trillion yuan this year, according to the report delivered on March 5. Meanwhile, the country has set this year's GDP growth target at 6 to 6.5 percent.

China provided the first shipment of materials and equipment on Wednesday as urgent assistance to the Philippines, Wang said.