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China's passenger car market in April continued the lackluster performance seen in the first quarter, further denting the confidence of automotive industry players.

China's research and development spending reached 2.21 trillion yuan (9.2 billion) last year, a significant increase from 1.42 trillion yuan in 2015, according to the Ministry of Science and Technology.

China's position is very clear. The Chinese side is willing to join hands with other regional countries to firmly ensure freedom of navigation and overflight enjoyed by all countries under international law, she said.

Chinese Foreign Minister Wang Yi said in Beijing on Wednesday that history showed that trade wars were not the correct way to resolve problems. "Especially given today's globalization, choosing a trade war is a mistaken prescription. The outcome will only be harmful," he said.

Chinese Ambassador to Peru Jia Guide told reporters at a press conference that "over the next three years, we expect a wave of Chinese investment in Peru of some billion, in energy and mines, construction and finance."