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"China supports the Philippine government in exploring a development path in line with its own conditions," Xi said.

"Companies' managerial loopholes in cross-border finance often lead to financial risks, and courts shall identify problems in concrete cases and publicize them through suggestions and white papers to prevent future damage," said Mao Ronghua, vice-president of Shanghai High People's Court.

"China's strong economy should be seen as a good thing right now, as China is such an important export market for so many other countries," Cavender said. "The fact that China is still buying and hasn't seen an economic collapse is important for the world, as China right now is a lifeline for a lot of multinational businesses that have seen severe reductions in sales in their home markets."

"China's growth prospects, which stand out among major economies, relatively higher interest rate levels and the yuan's prospects for long-term stability are expected to amplify the country's allure to foreign investment in the next five to 10 years," Wang said on the sidelines of the annual conference of the China International Finance Society on Friday.

"China's Belt and Road Initiative will be a focus for discussion again this year, as the initiative is China's solution and wisdom for embracing globalization and to generate new growth opportunities for the global economy," Xu said.