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China's friendly interactions with Papua New Guinea go a long way back. More than 100 years ago, there were Chinese travelling across the seas to Papua New Guinea who settled down and, with their hard work, made important contribution to the economic and social development of the country. China and Papua New Guinea established diplomatic relations in 1976. Since then, our two countries have treated each other with respect and as equals, and have pursued mutual benefit and win-win cooperation. Our relationship has stood the test of changing international circumstances and stayed as strong as ever.

China's innovation and entrepreneurship environment is full of vitality, which provides good opportunities for companies, Kirchert said.

China's internet giants are placing big bets on smart vehicles as a critical point of entry to consumer data they could in theory capitalize on through business endeavors. The increasingly ubiquitous tech-auto tie-up could in turn help satisfy Chinese users' big appetite for in-car connectivity features.

China's energy mix has continued to evolve, with the share of total energy consumption for coal in 2018 hitting a historical low of 58 percent despite remaining the dominant fuel in China, said the BP Statistical Review 2019, which was released in Beijing on Tuesday.

China's monetary authorities may moderately ease their overall prudent policy stance in the second half of the year. [Photo/VCG]