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At a meeting with foreign correspondents in Lima on Monday, Vizcarra responded to a query on bilateral trade and investment ties by saying "obviously, we have to work with a vision of the future, always keeping in mind the great power that is China."

Asked by the media about Huawei's gift, Trudeau on Tuesday said that donations of medical supplies from foreign companies will not change how the government views those companies going forward.

Asian automakers' shares declined in response to the announcement while US carmakers－already slipping because of weak February sales－extended their falls.

At a ceremony on Friday celebrating the issuance of the US dollar sovereign bonds, Carrie Lam Cheng Yuet-ngor, chief executive of the Hong Kong Special Administrative Region, said the issuance will further promote capital flow between the Chinese mainland and international markets, encouraging the internationalization of renminbi in the long run. It also will diversify bond products in the Hong Kong market and reflect the central government's consistent support of Hong Kong as an international financial center, she said.

Asset management institutions, including private equity funds, are encouraged by the CSRC to set up equity investment funds, venture capital funds and bond investment funds to participate in mergers and restructuring of privately-owned enterprises.