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"China has developed rapidly and conducted fruitful scientific research and made academic achievements over the past years. There is much to learn from China," Ham said.

"But luckily the government has a plan ... and (President Rodrigo) Duterte is the right man to see it through."

"China is indeed taking the lead in global fintech," said Wang Lipeng, a partner at KPMG. "Fintech is bringing profound changes to the Chinese economy and industrial reforms."

"China is always open for negotiations," Gao said, emphasizing the principles of equality, constructiveness and balance needed in joint efforts.

"China hopes that countries outside the region, including the United States, will fully respect the wishes and expectations of countries in the region, instead of creating tension and seeking profit from it."