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China hopes foreign enterprises will uphold basic principles while sharing the opportunities of China's development, Foreign Ministry spokesman Geng Shuang said on Wednesday.

China is bucking the relatively gloomy trend for luxury sales globally dampened by the COVID-19 pandemic. In the case of Burberry, the Chinese mainland grew in the mid-teens in quarter one but grew ahead of the January pre-COVID-19 level of 30 percent in June, according to company figures.

China is now the world's largest market for industrial robots. As labor costs continue rising, the demand for robots will be stronger in the nation, said Wang Tianmiao, president of the Smart Manufacturing Research Institute at Beihang University.

China is the Philippines' top trading partner in 2017 with a total bilateral trade valued at .82 billion. China also ranked fourth biggest export market for the Philippines last year and the Philippines' top import source.

China is Uruguay's top beef importer with 60 percent of the beef export of the Latin American country coming to China in 2018. The country sees great potential market in China as Chinese only consume 5.5kg beef per head annually compared to 60kg in Uruguay.