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China is neither the focal point of the issue, nor the force behind the increased tension in the peninsula, and it does not hold the key to solving the issue, Foreign Ministry spokesman Geng Shuang said in Beijing on Tuesday.

China is one of Sri Lanka's largest development partners, investing billions of dollars in infrastructure development, ports, hospitals, education and tourism in the island country.

China is pledging to further open up the elderly care market for overseas investors, to better meet challenges brought by an aging population.

China is expected to continue its dominance in the global luxury scene, said Bruno Lannes, a partner in global management consulting firm Bain & Co Shanghai office, while noting the millennial generation is still the main driving force for the development of China's luxury market.

China is also stepping up efforts to safeguard investors from securities fraud after Luckin's fake reporting. Yi Huiman, chairman of the China Securities Regulatory Commission, said in a recent article that the securities regulator will crack down on financial fraud and other legal breaches in the capital market.