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China will apply higher standards in intellectual property protection, trade remedies, e-commerce, government procurement and economic and technological cooperation, as part of arrangements outlined in the trade deal, along with the growth of small and medium-sized enterprises.

China is very pleased to see the two sides strengthen consultation, express goodwill to each other and implement the consensus their leaders have reached in the Singapore summit that was held in June, Foreign Ministry spokesman Lu Kang said.

China remains the biggest e-commerce market in the world, with its consumers spending 7.18 trillion yuan (.1 trillion) online last year, 32 percent more than 2016 according to the National Bureau of Statistics.

China said Tuesday it will launch a number of landmark measures this year to significantly broaden market access.

China was selected by the Indonesian government to build the country's first bullet rail link last year. It will start constructing a .5 billion high-speed railway line from Jakarta to Bandung.