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"Foreign investors, just like foreign players in Chinese football clubs, will not only bring advanced skills and management expertise to China but also will help the country's domestic players to improve their ability in the end," said Li, a member of the 13th National Committee of the Chinese People's Political Consultative Conference.

"For example, in 2016, the Philippines ranked 99th in the ease of doing business index (compiled) by the World Bank, but the government is bent on meeting its target to be within the top 20 by 2020," he said.

"First, let me say that I have a genuine love and appreciation for Nissan. I believe strongly that in all of my efforts on behalf of the company, I have acted honorably, legally, and with the knowledge and approval of the appropriate executives inside the company, with the sole purpose of supporting and strengthening Nissan, and helping to restore its place as one of Japan's finest and most respected companies," the automotive heavyweight said.

"For the last few years, there's been so much talk about strategic rivalry among the major powers, perhaps between China and the United States about the so- called Thucydides Trap," he said.

"Fiscal policy must play a central role in mitigating the social and economic impact arising from the COVID-19 pandemic while at the same time providing the needed impetus to achieve a reactivation of economic activity that would help steer the region towards sustainable and inclusive development in a post-COVID-19 world," the United Nations agency said in its latest report.