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China announced the decision to set up the Xiongan New Area, about 100 kilometers southwest of Beijing, to advance the coordinated development of the Beijing-Tianjin-Hebei region.
China has become the second largest foreign investor in the Philippines in 2019 after Singapore. [Photo/Sipa]
China has been the world's largest market for new energy vehicles since 2015 and is planning to put 5 million such cars on its roads by the end of 2020.
China has adopted a de facto separate financial regulatory regime, with regulators focusing on supervision in their own fields. However, this has been criticized as being responsible for the country's worsening shadow banking problem in recent years.
China follows the principle of absolute immunity of foreign states and their property, thus Chinese litigants are unable to sue foreign governments from domestic courts, while Chinese governments have often been sued in foreign courts, he added.