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China is promoting the "third-party market cooperation" model under the Belt and Road Initiative (BRI), which will engage more developed countries in construction projects and strengthen international cooperation, according to a report issued by the global business service organization Ernst & Young on Tuesday.
China is pressing ahead with supply-side reform to achieve innovation-driven growth, and such reform is even more urgent for the decades-old state-owned industrial companies, which are commonplace in Heilongjiang, Jilin and Liaoning provinces.
China is the Philippines' top trading partner in 2017 with a total bilateral trade valued at .82 billion. China also ranked fourth biggest export market for the Philippines last year and the Philippines' top import source.
China has signed approximately 50 government-level cooperation agreements with these economies and established 56 economic and trade cooperation zones, Shen added.
China has up to 8 million insurance agents. They contributed 48.3 percent to total premiums from January to September, data from the China Banking and Insurance Regulatory Commission showed.
来源：资阳报