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"China and the Philippines are two friendly neighbors since ancient times, which should not be affected by a single issue over territory in the (South China Sea) … I believe both (countries') leaders have the wisdom to solve it in a peaceful way."

"China has around 200 million basketball fans, among which more than 50 million will play the game," he added.

"China is also working on five other international standards in the sector, and is the convener of two working groups on UAS in the International Organization for Standardization," said Shu.

"China can do things that other countries simply cannot do. When external customers want innovative new products, they want people who can quickly do design, prototyping and can manufacture quickly in batches. The Chinese are very good in doing that. They are very entrepreneurial and what you have in China is a very dynamic process," he said.

"China has talked about reform and opening-up ever since I first started going there in the early 1990s, and they have done a very good job, so now let's keep it up," he said.