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China is ready to work with Singapore to deepen financial cooperation. The scale of currency swaps betweenus has reached RMB300 billion (US billion). The two sides are positively considering renewingour currency swap agreement to encourage local currency settlement in investment and trade. Singapore is a major international financial center with mature regulatory models and rich financial resources. China supports dialogue and exchanges between our financial regulators and encouragesour financial institutionsto developbusiness cooperation in accordance with commercial rules. We can also explorethe setting-up of a comprehensive and all-dimensional financial support platform. The fintech agreement we just signed should be well implemented to promote the sound and orderlyfinancial cooperation in e-payment and other emerging areas.

China is starting to play a significant role in research and development, as well as design, along with the rise of global value chains, according to David Dollar, a senior fellow at the Brookings Institution's John L. Thornton China Center.

China is already a leading market globally for venture capital in technologies including virtual reality, artificial intelligence, autonomous vehicles, and 3D printing, with about one third of the world's "unicorn" companies (startups valued at more than billion) hailing from the country, according to global consulting firm McKinsey & Company.

China is Australia's largest trade partner. It is also the largest market for Australian exports and the largest source of imports to Australia, according to the Foreign Ministry.

China has reduced the numbers who rely on solid fuels to about 416 million in 2016, down from 996 million in 1990.