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China is entering an era distinguished by services and consumption. In recent years, China's insurance industry development has surged. As of the end of 2017, the country's original premium income increased by about 18 percent year-on-year to 3.7 trillion yuan,

China has set up the second phase of its national advanced manufacturing investment fund, with a size of 50 billion yuan (.12 billion), in order to inject new vitality into the nation's push for high-end manufacturing, according to State Development & Investment Corp, China's largest State-owned investment holding company.

China is ready to coordinate with Germany on a new round of consultations between the two governments to enhance pragmatic planning, Premier Li Keqiang said on Tuesday.

China is currently the EU's second-biggest trading partner, while the EU is China's biggest trading partner. Bilateral trade in goods rose from billion in 1978 to 6.9 billion in 2017, according to Chinese government statistics.

China held about .08 trillion of US Treasurys as of January, up by .7 billion in that month, making it the world's second-largest holder after Japan. Foreign investors are holding about trillion worth US government bonds in total, according to data from the US Department of the Treasury.