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"Compared with CAFTA, the RCEP constitutes a bigger market so it means bigger trading opportunities. All of this will contribute to more trade, more development and more improvement in people's livelihoods," Philippine Ambassador to China Jose Santiago Sta. Romana said at the expo.

"China's experience suggests a strong recovery in industry might be feasible in countries where virus containment measures are effective," they added.

"Commercial war is not the proper answer to this evolution," he said. "A commercial war ... is not consistent with our mission, with our history, with our current commitments for the global security. At the end of the day, it will destroy jobs, increase prices and the middle class will have to pay for it."

"Climate change is real. ... We are seeing its impact," he said. "Our oceans are getting warmer, weather patterns are changing dramatically and glaciers are melting at an alarming rate. This grassroots movement is now starting to have an impact on national governments."

"China will step up the pace of opening the futures market and promote internationalization of all qualified futures varieties when the conditions are mature," said Fang.