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As China has mature manufacturing foundations, the country doesn't need to rely on machinery and parts import from the US. Germany, Sweden, France, Japan and South Korea can meet the country's demand for various industrial parts and equipment, he said.

Around that time, Villagran, an undergraduate student at UBA, was learning Chinese with a private instructor and was interested in China’s political structure.

Apple supplier Broadcom Inc gained 1.2% after it forecast fourth-quarter revenue above analysts' estimates.

As China is on the way to add more digital technologies and sustainable methods into its manufacturing industries, the country also experienced a slight drop in foreign direct investment flow in recent months.

As China moves to make its trillion domestic bond market more global, it has stepped up efforts to open up its bond market - the world's third largest - to foreign investors in an effort to promote international use of the RMB.