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China is now the fifth-largest trade partner of Ireland both in terms of imports and exports.

China is also forecast to have 450 million 5G connections by 2025, the most worldwide, driven by significant operator investment and growing enthusiasm among consumers and enterprises, GSMA said.

China is the biggest market for industrial robots in the world, accounting for about one-third of the global demand.

China is ready to advance cooperation with the Philippines under the Belt and Road Initiative, in people-to-people exchanges, maritime dialogue and cooperation, and regional integration, said Wang.

China has stepped up a crackdown on disorder in financial markets. During the first 10 months of 2017, the CBRC, China's top banking regulator, punished 1,486 banking institutions and 1,096 individuals. The regulator confiscated illegal income of 75 million yuan (.5 million) from the institutions, in addition to imposing fines of 592 million yuan on the institutions and 24.4 million yuan on the individuals.