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"But production has still declined by around 500 million so far this year compared to 2016," Cao added, declining to disclose the exact number minted or overall coin production.

"China is doing well. We have been growing a lot here ... We are very happy with the performance we have seen in this market and it is still early in its development. We have only been serving this market directly from the US for the last 10 years and so it takes time to build a more profitable franchise," said Bastian.

"China never lacked excellent designers or design concepts," he said. "What we lack is the ability to turn a good design into a good business, and by doing so, to benefit young designers and small-and-medium-sized merchants."

"Chief among them are political and social instability, closed borders limiting the movement of people and capital, an unfavorable business environment, difficulties in accessing credit by small and medium-sized businesses, disruptive technologies, harsh weather and lack of infrastructure," says Robert Kagiri, a lecturer at the Institute of Diplomacy and International Studies at the University of Nairobi in Kenya.

"China is willing to provide all the assistance we can for the Philippines' disaster relief work, and we believe that people in the storm-hit areas can overcome difficulties and rebuild their hometown under the leadership of the Philippine government," Hua said in Beijing.