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"By liquidizing remnant assets, these companies reduced around 20 percent of financing through traditional approaches and saved a total of 500 million yuan in interest (payments)," Zhang said.

"China hopes to cooperate closely with the Philippines to build the high-quality BRI, jointly maintaining multilateralism and promote regional development," said Chen, adding that Chongqing Municipality is also willing to share the opportunities with Philippine local governments to make new contributions by boosting exchanges and mutual learning from each other.

"China and ASEAN are complementary trading partners, considering China has a full range of industry sectors, from resource and labor-intensive industries to capital and technology-intensive ones, while different ASEAN countries have advantages in quite different industries," he added.

"China is the most promising helicopter market in the world. We will introduce more models to the market," she said.

"China is a large market full of opportunities for us to expand. It has a unique marketing environment and customer behavior for us to adapt our strategy to fit the market better," said Booking in a written reply to China Daily.