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China's premium vehicle sales totaled 2.8 million last year, up around 8 percent from 2017. Many saw a faster growth rate.

China's social insurance system is the largest in the world. About 900 million people are included in the endowment insurance system, and more than 1.3 billion are covered by medical insurance, according to a statement from the center provided exclusively to China Daily.

China's three major State-owned airlines, Air China, China Southern Airlines and China Eastern Airlines, all pointed out the impact from high-speed trains in their latest half-year earnings reports, and only China Eastern achieved positive growth in net profits.

Chinese GDP in 2017 should have accounted for 15.3 percent of global GDP, based on World Bank estimates the world's economy should have grown by 3 percent. In addition, the Chinese economy's contribution to the world's economic growth would be 34 percent. Between 2013 and 2016, Chinese consumption contributed 23.4 percent to global consumption growth, while the US' contribution rate, the Eurozone's contribution rate and the Japanese contribution rate came in at 23 percent, 7.9 percent and 2.1 percent respectively.

China-Philippines ties also go beyond trade ties. As Deng Jun, country head for Bank of China's branch in Manila, noted in his speech, the two countries can also deepen their financial cooperation.