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Second, deepen economic and trade cooperation and upgrade the CAFTA. Economic and trade cooperation is the foundation of and spearheads the implementation of the "Belt and Road" initiative. Both sides should work towards completing the negotiations of upgrading the CAFTA at the end of this year and enhance bilateral and multilateral cooperation in customs, inspection and quarantine, certification, standard measurement and statistical information, lowering non-tariff barriers and improving trade and investment facilitation. Tap new engines for trade growth and expand trade and two-way investment scale, striving to realize a projected trade volume of 1 trillion dollars by 2020 and new investment of 100 billion dollars from China to ASEAN in eight years by 2020. China is ready to work with ASEAN to advance the negotiations of RCEP and promote regional economic integration.

Calling Singapore "an important partner and a special friend of China," Zhang said China is willing to develop and map out bilateral ties always from a strategic height and long-term perspective.

Yu Zhengsheng, chairman of the National Committee of the Chinese People's Political Consultative Conference, asked non-communist party members to conduct in-depth investigation and research, be brave to tell truth and put forward valuable suggestion at a meeting.

CONFIDENCE BOOSTED

BEIJING, Oct. 30 (Xinhua) -- The Foreign Ministry on Friday said in a statement that a ruling by the Arbitral Tribunal on Thursday on the jurisdiction and admissibility of the South China Sea is null and void, and has no binding effect on China.