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China will provide an additional 50 Chinese Government Scholarships Grants for Philippine students on an annual basis from 2019-2021. Both sides will implement the Executive Program of Cultural Agreement between China and the Philippines for 2019-2023 signed during the visit and encourage their cultural institutions and groups to increase exchange of visits.

China's bans on ICOs and cryptocurrency exchanges are part of a broader campaign to curb the country's financial risks as the country faces a build-up of debt, and booming new financial products challenge regulations.

China will maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.

China's Belt-and-Road Initiative has encouraged greater cooperation with other nations. "We have signed 54 tax agreements with Belt-and-Road countries,"Wang said.

China will select 10 centrally-administered State-owned enterprises as the second batch of pilot State-owned capital investment and operating companies to optimize capital use via diversified forms of operation, the country's top regulator for State assets said on Monday.