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China players scale up applications

China set up Sansha municipality in 2012. The city government is located on Yongxing Island, the largest of the Xisha Islands in the South China Sea.

China unveiled an array of measures this year to expand market access for foreign investors, including allowing foreign firms' 51-percent ownership of their brokerage ventures, up from the previous 49 percent.

China welcomes the establishment of a China-ASEAN Ministers' Meeting on Disaster Management and expects the first meeting to be held as early as possible. China is ready to work with ASEAN to build a Partnership on Blue Economy. We look to work with you to put it into practice in an expeditious manner. China will make good use of the China-ASEAN Maritime Cooperation Fund and other resources to support early harvest projects in relevant fields. The Lancang-Mekong cooperation and China and BIMP-EAGA cooperation are important components of China-ASEAN cooperation. We will encourage greater synergy between these cooperation mechanisms and the New International Land-Sea Trade Corridor to help facilitate ASEAN integration and promote balanced and coordinated development of the region.

China recently held the second BRICS Youth Scientists Forum in Hangzhou, and many great ideas emerged, Wan said. Some of the proposals from the forum will be incorporated into the BRICS summit scheduled for Sept 3 to 5 in Xiamen, Fujian province.