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"Corruption remains a problem. I will concentrate the last remaining years of my term fighting corruption," Duterte said.

"Chinese banks should ensure that foreign investors can freely remit yuan-denominated returns from profits and stock dividends," it said. The move will encourage foreigners to use the Chinese currency for direct investments into the country, it said.

"Chinese app developers are leading the world in terms of app downloads and revenue, and have grown to be a very admirable community of innovators," Isabel Ge Mahe (Ge Yue), Apple's vice-president and managing director of Greater China, told Xinhua on the sidelines of the China International Big Data Industry Expo 2019 that opened in Southwest China's Guiyang, Guizhou province, on Sunday.

"Currency needs to find the right level, I don't worry about Chinese renminbi depreciation," said the EBRD president, who shared an optimistic outlook on the world's second-largest economy.

"Compared with other types of urban rail transportation, maglev trains are quiet and can achieve high speeds because they don't actually ride on the rails with wheels but hover centimeters above the track through the use of magnets, avoiding the slower speeds caused by friction," said Sun Fuquan, a researcher at the Chinese Academy of Science and Technology for Development in Beijing.