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"China has indeed contributed to the global wage growth," said Su Zhongxing, dean for Human Resources Management at Renmin University of China. "China has a large labor population, and also its wage grew rapidly in recent years. These factors obviously helped the world's wage to rise."

"But today, I want to use this opportunity ... to announce that I am ending my campaign for president," Moulton was to say at a speech before a Democratic National Committee meeting in San Francisco, according to remarks provided by his campaign.

"China is willing to move faster in dovetailing the Belt and Road Initiative with the Middle Corridor project, steadily promote cooperation on trade, investment, science and technology, energy, infrastructure and major projects and actively seek cooperation in small and medium-sized programs and those that benefit the people, to deliver concrete benefits to more enterprises and the people," the Chinese president said.

"But not all have already or are projected to recover by next year. China is the only major economy that has recovered already to pre-pandemic output levels, thus its 8 percent growth rate will look high due to the low base this year," she said.

"China is the world’s largest electric car market with tremendous potential for further development. We are already working with strong and trusted partners in China, not only to enhance our local footprint but also to strengthen our competitiveness worldwide," Troksa said.