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Chinese authorities issued policies to further support the development of the sharing economy to vitalize the consumption market and promote employment, as new norms for these enterprises mushroomed amid the COVID-19 outbreak to be a new economic driver, according to a report jointly issued by the National Development and Reform Commission and 13 other government departments in July.

Chinese companies were represented in all 18 sectors in the Honored Companies table, with lower representation in auto and auto parts, internet, and banking sectors while seeing an increase in basic materials, technology, hardware and property sectors to name a few.

Chinese Vice Foreign Minister Kong Xuanyou and Philippine Foreign Undersecretary Enrique Manalo held the second meeting of the Bilateral Consultation Mechanism on the South China Sea (BCM) in Manila on Tuesday.

Chinese insurance tech company Waterdrop Inc and China Philanthropy Research Institute jointly established a centeron Sept 15 to help assist the treatment of serious diseases. [Photo provided to China Daily]

Chinese companies have grown rapidly in recent years and are playing an increasingly important role, not only in China but also worldwide. We have strong and strategic partnerships with many Chinese banks. For example, this February, the China Development Bank and Standard Chartered Bank signed a memorandum of understanding, formalizing a strategic partnership to facilitate trade and investment relating to China's Belt and Road Initiative.