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China and ASEAN countries are each other’s opportunity for development, not threat. We must grasp the key to addressing the South China Sea issue with our own hands and overcome external impediments. While steadily advancing COC consultations, we need to conduct practical cooperation on the sea, and unlock the potential of cooperation in areas such as search and rescue, environmental protection, fishery resources conservation and coast guard. China has been improving the civilian facilities on the islands and reefs in the South China Sea. In addition to strengthening the search and rescue capabilities in the middle and southern parts of the South China Sea, we have also installed maritime observation, meteorological forecasting, environmental monitoring and disaster prevention and reduction facilities, which are all designed to provide more public goods for the region.

China and Germany have long-standing and extensive cooperation in science and technology. And a well-established framework for intergovernmental cooperation on technology innovation is in place. Besides the desire for cooperation between governments, that of companies and research institutes on both sides is also strong. As a result, many Chinese universities, research institutes and companies are willing to work with their German counterparts to jointly advance the research in frontier science and generic technology.

China announced in April that it would increase quotas for two pilot schemes that allow domestic investors to access foreign assets, as part of its broader efforts to open up the financial market.

China CITIC Bank Corp Ltd has accelerated the transformation of its retail banking business, which contributed to the bank's double-digit profit growth in the first half of 2019.

China and the United States will strengthen cooperation on joint investigations and simplify procedures to repatriate fugitives to their home countries to face justice, a senior official from the Ministry of Public Security said.