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On the China-Philippines ties, Yang said the arbitration is a major political obstacle to the improvement of relations between China and the Philippines, calling on the new Philippine government to bear in mind the common interests of the two countries and the broader picture of bilateral ties and properly handle relevant issues.

"German companies hope to gain benefits from projects under the Belt and Road framework. That is also one reason why the German government decided to join the Asian Infrastructure Investment Bank (AIIB)," he said.

"We are going to bring the business people in Kumasi and Wenzhou together to form a synergy. Chinese will bring technologies to Kumasi and help the city to develop," said Bonsu, who visited China a couple of months ago to seal the deal.

Territorial issues are beyond the scope of the UN Convention on the Law of the Sea (UNCLOS), and China has excluded maritime delimitation from compulsory arbitration in a declaration it made in 2006 in accordance with Article 298 of UNCLOS.

"Negotiation must start immediately. And the arbitral ruling is both useless and irrelevant," said Butch Valdes, former undersecretary of Philippine Department of Education.