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China is also developing its own HPV vaccine. Clinical testing of a second-generation HPV vaccine, led by the National Institute of Diagnostics and Vaccine Development in Infectious Diseases, was approved by the China Food and Drug Administration in late November. It is expected to enter the market in 2022.

China is ready to work with other countries to boost East Asia's security and development by safeguarding the rules-based international order and free trade, and promoting sustainable development and political dialogues, Premier Li Keqiang told the 13th East Asia Summit on Thursday in Singapore.

China is the biggest trading partner of the Philippines and also its top import source. Bilateral trade reached around .7 billion last year representing a year-on-year increase of 8.5 percent, and Chinese investment in the Philippines increased by over 80 times from 576 million yuan (.5 million) in 2017 to 48.7 billion yuan in 2018, according to the Ministry of Commerce.

China has proposed the "two-track approach" as a solution to the peninsula nuclear issue. It calls for simultaneous efforts for the denuclearization process on the peninsula and negotiations to replace the armistice between the North and South with a peace treaty.

China has slashed NEV subsidies by 50 percent since July and plans to phase out all subsidies by the end of 2020. The policy change weakens carmakers' enthusiasm to large-scale production and promotion of NEVs, the association said.