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As China and ASEAN look forward to the pact's early implementation, many opportunities will likely arise from the tangible development and regional economic integration brought about by the Belt and Road Initiative.

As Chinese companies diversify their assets, he also expects the increasing outward direct investments into the region.

Around 4 am on Friday, Visual China issued an apology for its weak management. "We have withdrawn all the inappropriate images and voluntarily suspended the website for further rectification according to law. We will further strengthen self-discipline and improve the quality of content review," it said.

Applications for the new benefits are scheduled to open in October.

Argentina's decrease in imports "is mainly explained by the sharp drop in the level of (economic) activity," and lower demand for manufactured goods from neighboring Brazil and the rest of the region, she added.