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China's Wanhua Chemical Group has been expanding its footprint along the Belt and Road in Europe, with market share increasing rapidly after its acquisition of Hungarian chemical producer BorsodChem in 2011, said Huo Pengtao, Wanhua's vice president.

Wang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, unveiled the plaque, alongside with Lu Xinshe, secretary of the CPC Guangxi Zhuang Autonomous Regional Committee.

14.Memorandum of Understanding on Jointly Promoting Cooperation in Key Infrastructure Projects in Davao Region between the Ministry of Commerce of the Government of the People's Republic of China and the Department of Finance of the Government of the Republic of the Philippines

Calling China and the Philippines "close neighbors with exchanges going back a thousand years," Xi said good-neighborliness, friendship and win-win cooperation are the only correct choice for the two countries.

Xi said he expects to work with PNG to chart the course for further development of bilateral ties to reach a greater height through this visit.