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China is important for DSM, a company pursuing sustainability, as the country is taking the leadership on balancing economic profit, growth and the environment, according to De Vreeze.

China has put forward the "BRICS Plus" approach by inviting leaders of Egypt, Mexico, Thailand, Tajikistan and Guinea for a dialogue on the sidelines of BRICKS' summit held in Xiamen on Sept 3-5.

China is expected to open its market soon for seafood imports from Peru soon amid the two countries' joint efforts to upgrade their free trade agreement in line with the consensus reached by their leaders, said the Peruvian ambassador to China.

China is among the AIIB's founding members and host to the bank's headquarters.

China is being forced to react to protect its legitimate interests but in doing so it is also championing rules-based trade, as the Trump administration has resorted to domestic laws to target Chinese goods with tariffs, a move that runs roughshod over the international trade rules of the WTO.