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China has successfully launched billion worth of dollar-denominated sovereign bonds in the Hong Kong Special Administrative Region on Thursday, including billion of five-year bonds and billion of ten-year bonds, which attracted a wide range of global investors.

China has vowed to raise its installed capacity for hydropower to 380 gW by 2020, as it is a cheaper and cleaner alternative to coal, as part of efforts to phase out polluting fossil fuels.

China is the world's largest cigarette producer and consumer market, with over 316 million adult smokers. The cigarette trade is governed by a state monopoly.

China is building a unified credit information platform to pool the information from different government agencies and local authorities and to establish a complete credit record of companies, according to Xu.

China has shouldered its international responsibilities and strengthened collaboration and solidarity with Africa in the fight against COVID-19, global experts say.