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China is hosting the assembly through Friday, more than two decades after hosting the 64th session in 1995. Participants from 158 countries and regions gathered in Beijing for the conference.

China is bucking the relatively gloomy trend for luxury sales globally dampened by the COVID-19 pandemic. In the case of Burberry, the Chinese mainland grew in the mid-teens in quarter one but grew ahead of the January pre-COVID-19 level of 30 percent in June, according to company figures.

China is expected to invest trillion in power generation over the next 25 years, according to a recent report released by Bloomberg New Energy Finance or BNEF.

China has set the goal of creating more than 9 million urban jobs this year and ensuring the survival of over 100 million market players amid the fallout from the COVID-19 pandemic.

China is now the Philippines' largest trade partner, largest source of imports and its fourth-largest export destination.