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China is willing to maintain communications with the European side and strive to start the process of making a free trade agreement early on the basis of the investment treaty, Gao said.

China is walking the talk. China that used to offer just products now offers global solutions. With its notion of a global community of shared future and its Belt and Road Initiative, it is looking to establish a more equitable and balanced world. China's rise is not just good for China, but good for the entire world.

China needs to develop its own waste utilization industry to avoid a similar scenario, they said.

China received around billion in foreign direct investment in the first half of 2018, more than any other country in the world, according to Xinhua, a 6 percent increase, as the world overall trended downward.

China will also continue to implement a prudent monetary policy in the second half of this year to maintain reasonably ample liquidity, according to a key meeting of the Political Bureau of the Communist Party of China Central Committee.