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"China attaches great importance to relations with Latin America," Liu said, adding that the initiative put forward by Chinese President Xi Jinping of jointly building a community of a shared future for humanity has been warmly received by Latin American and Caribbean states.

"China certainly takes more from Australia than it exports to Australia," he said. "Just look at Australia's exports of agricultural products such as olive oil, honey, fruit, sea food, wine, cheese and meat. Australia can't produce enough to meet the demand in China.

"China is not a developed country, but China has been very active in contacting those countries in suffer of natural disasters," he said.

"China is a big place, and adding (China) capability seems to be the opposite of creating a more focused business. To deliver service is such a huge country a non-indigenous telco needs boots on the ground which both their existing partners can provide but BT by itself will be unable to do this for quite some time."

"China is already the largest market for electrified vehicles, offering us unprecedented opportunities to develop new types of traction motors, which are the most important element of an electric vehicle's powertrain," he said.