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The president also encouraged both sides to intensify cultural and people-to-people exchanges and mutual understanding and to promote exchanges at high and local levels and from governments to legislature bodies so as to gain extensive public support for China-Dominican Republic cooperation.

They also agree to strengthen existing cooperation mechanisms in other maritime-related areas. Both sides agree to cooperate in the implementation of relevant international maritime instruments to ensure the safety of life at sea, marine environmental protection, and human resources development.

The People's Bank of China, China's central bank, has cut the required reserve ratio for commercial banks four times this year, releasing a total liquidity of 2.3 trillion yuan. By the end of September, outstanding loans for micro and small firms totaled over 33 trillion yuan, up by 11.4 percent year on year.

BEIJING, Nov. 2 (Xinhua) -- Chinese Vice Premier Liu He met with World Bank President Jim Yong Kim Friday in Beijing.

China will provide an additional 50 Chinese Government Scholarships Grants for Philippine students on an annual basis from 2019-2021. Both sides will implement the Executive Program of Cultural Agreement between China and the Philippines for 2019-2023 signed during the visit and encourage their cultural institutions and groups to increase exchange of visits.