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China is currently the second largest destination for the Argentinean wine company's exports, accounting for about 40 percent of its total sales abroad.

China is now Malaysia's top trading partner and the country remains China's biggest import source within the ASEAN bloc. Bilateral trade amounted to .3 billion in 2016, up 44.4 percent year-on-year, data from the Ministry of Commerce show.

China is now the premium brand's largest market around the globe. In the first 10 months of this year, Mercedes-Benz sold over 610,000 vehicles in the country, up 10 percent from the same period last year.

China has scrapped its list of recommended battery suppliers as part of its efforts to further open up the world's largest electric car market. Analysts said the move will help boost the industry.

China is ready to work with other countries and the United Nations in supporting multilateralism and the free trade system, which are confronted by rising trade protectionism, Premier Li Keqiang said on Wednesday.