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"China has been deliberately accused by certain foreign media of practising neo-colonialism in some countries, exploiting energy resources and other minerals and supporting authoritarian regimes," said He Jingtong, a business professor at Nankai University in Tianjin.

"Certainly, more people, gallerists and artists coming from China will only enhance what we are doing during Art Basel," he said. "It's a platform for peace, so that international people would get to know each other. It's an important way, since art is life."

"China is willing to better align the Belt and Road Initiative with Vanuatu's development strategies and deepen mutually beneficial cooperation in such areas as infrastructure, economy and trade, fisheries and tourism," Li said.

"China is a big country with amazing biodiversity and natural resources. As many of the country's low-income people are living in remote areas, the protection and rational use of natural resources will be the treasure that improves their lives," Li said, adding that the construction of forest parks and wetland parks have boosted the economies of many less-developed regions.

"China does not want a trade war with the US," Wang Shouwen, vice-minister of commerce, said at a news conference on Wednesday afternoon. "But China is not afraid of one."