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"China and ASEAN countries must work together to meet the challenge and fulfill our due responsibility, as host in the region, for peace and stability in the South China Sea," Wang said.

"China has been a strong partner for Africa on many fronts," he said, noting that China has been Africa's largest trading partner for over a decade and the two sides have implemented a number of development projects through the Belt and Road Initiative.

"But the 0 billion valuation is undoubtedly too high even by the standards of Chinese companies' high price-to-earnings ratio. Xiaomi's market performance can by no means support that," Shen said. "Something between to 0 billion is more likely."

"China has an ambition in developing its civil aviation industry. Rolls-Royce wants to be part of that ambition and growth," Stein said in Beijing on Friday.

"China has played a leading role as the world's second largest economy by contributing Chinese wisdom and strength to global governance," Zhao said.