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The Belt and Road Initiative will bring new opportunities for bilateral cooperation, Cameron said, adding he is full of confidence on the prospects of bilateral relations and will continue playing an active role in enhancing mutual understanding and cooperation between the two countries.

The Bond Connect program, launched in July 2017, is a mutual market access scheme that allows overseas investors to invest in the Chinese mainland's interbank bond market using financial institutions on the mainland and in Hong Kong. [Photo/Sipa]

The BRI, however, is not confined to the southern part of the Philippine archipelago.

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The CDB bonds have played an active role in directing social resources into key areas and weak links of China's economic and social development, as well as in opening up the country's bond market, as many of the CDB bonds were issued to foreign investors.

The Belt and Road has expanded from Asia and Europe to include more new participants in Africa, Latin America and the South Pacific, it reads.

The CATRC estimated that China would see 120,000 to 200,000 tonnes of batteries disposed of between 2018 and 2020, and 350,000 tonnes in 2025.

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The BRICS Taxation Cooperation Memorandum signed at the fifth Meeting of BRICS Heads of Tax Authorities is the bloc's first document that elevates taxation cooperation to the institutional level.

The BIT initiative was born at the 2012 China-EU Summit when the two sides reached consensus on starting BIT negotiations as soon as possible.

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The CIER index, designed to monitor China's job climate, increased from 1.91 in the first quarter this year to 2.26 in the second, revealing a stable, and strengthening, picture for the market, the report said. By comparison, the second quarter index last year stood at 1.93.

The CPC is determined to ensure that its ambitious project be realized within the set timeline.