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As China's financial hub, Shanghai has maintained its standing as a favored destination for investors by concluding the most cross-border deals in the country, a real estate forecast report called Emerging Trends in Real Estate Asia-Pacific 2020 jointly published by the Urban Land Institute (ULI) and PwC said.

Around 100 sea water desalination projects will be built or upgraded in 16 coastal provinces and cities, adding 600,000 tonnes of daily desalination capacity to the existing capacity of 135,700 tonnes, according to a plan issued by the National Development and Reform Commission and the State Oceanic Administration.

As China marches toward prosperity, Ngu sees great opportunities for the Philippines, especially as part of the 21st Century Maritime Silk Road, which forms part of China's Belt and Road Initiative.

Architecture firm P&T Group, which has designed more than half of the waterfront building complex in the Bund, a famous waterfront, in Shanghai back in the 1920s and '30s as well as shopping malls and office buildings in cities, including Shanghai and Chongqing in recent years, said three of the company's 13 offices worldwide are in the mainland.

As China solves its own problems by increasing its economic weight, boosting its technological prowess, attaining green development, and opening up further, the world only stands to benefit.