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"China and the Democratic People's Republic of Korea are neighbors. Both sides know that maintaining, developing and consolidating the friendly and cooperative China-DPRK relations is not only in the best interests of both sides but also bears great significance in regional peace and stability," said Guo Yezhou, vice-minister of the department.

"China offers many lessons for Africa's development agenda. Beijing's legendary poverty reduction and social safety net that has seen China lift more than 740 million people out of extreme poverty is an enviable example that Africa should emulate," he said.

"CIIE reflects the Chinese government's determination and commitment to continue to further open up its market to the world, and to continue to forge relationships to build a successful and long-term international trade model," said Ken Murphy, executive vice-president of Walgreens Boots Alliance, which operates retail pharmacy, health and daily living stores across Europe and the United States.

"But there is still a structural gap between China's service trade and other economies. The country's per-capita service trade is smaller than many countries."

"But now, going abroad is quite easy since China has been integrated into the global economic system. More importantly, there are a large number of domestic companies such as Huawei Technologies Co Ltd and Alibaba Group Holding Ltd, which have become international," he said.