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China attaches great importance to relations with the Philippines, and the two countries should make continuous efforts to push forward and connect development strategies to benefit people on both sides, Xi said.
China has completed a document on measuring "hidden" local government debt, particularly those incurred since 2015, two senior ministry officials told China Daily.
China has deeply integrated itself into globalization. It cannot expand domestic demand without international cooperation and smooth operation of the global value chain. Expanding domestic demand, on the other hand, can tap the potential of the massive consumer market and at the same time benefit foreign businesses.
China has been a major stabilizer and driving force for the world economy, contributing more than 30 percent of recent growth. Its GDP in Q1 grew 6.9 percent year on year from the same period in 2016.
China consumes about 40 percent of the world's semiconductors, most of which are assembled into products that are then exported to the West, Bingham said, noting that this is a good thing because it forces innovation on both sides of the ocean.
来源：资阳报