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China has its own strengths. This is especially the case with regards to its high-value labor resources, comparatively low land costs and relatively fair business environment with the world's most complete industrial categories, high efficiency, convenience and low cost supply chain, said Song Liang, director of the technology innovation research office at CCID Thinktank.

China has been actively supporting the peace process and dialogues, as only a peaceful peninsula can promote Northeast Asia's overall stability and development, Liu added.

China evacuates thousands as Typhoon Nesat approaches

China has heavily regulated investment and financing activities by local governments and State-owned enterprises since 2017. In April, new guidelines unified rules covering asset management products issued by all types of financial institutions to curb risks and reduce leverage.

China has about 2.2 million people who suffer from the disease, a long-term degenerative disorder of the central nervous system that largely affects motor coordination, according to the National Health and Family Planning Commission.