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"China's corporate evolution, from being a home for low-cost manufacturing of parts and goods for multinationals such as Apple and Nike to being a producer of high-value products, is shaping mergers and acquisitions in the Belt and Road region," said Boehm.

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

"Consumers can initiate a lawsuit against the two defendants if they want to get the compensation," he said. "The lawsuit procedures will be easier for individual consumers, because the facts of the case have been clear in the public-interest litigation."

"China's sincere help has gained praise from downstream countries," he said.

"Competition is one of the best mechanisms to promote innovation, and help maintain the vitality of every company." he said.