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China welcomes Duterte's upcoming trip, and it will further promote the development of ties, Wang said in a joint news conference on Wednesday with visiting Philippine Foreign Secretary Alan Peter Cayetano following their talk.

China resumed trading of treasury bond futures from Sept 6, 2013, after such trading was suspended for 18 years since 1995 following a series of irregularities. At that time, the China Securities Regulatory Commission approved the trading of the five-year treasury bond futures at China Financial Futures Exchange.

China was able to quickly adopt a series of policy measures to stabilize foreign trade across the country earlier this year, focusing on key links and overcoming deficiencies, said Zhang Bin, deputy director-general of the Department of Foreign Trade at the Ministry of Commerce.

China ships mainly manufacturing equipment, steel, chemicals, foodstuffs, electronics, textiles, garments and appliances to the two countries.

China reported economic growth of 4.9 percent year-on-year in the third quarter, up from 3.2 percent in the second quarter. GDP growth reached 0.7 percent over the first three quarters, turning positive from negative 1.6 percent in the first half, according to the National Bureau of Statistics.