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Stephen Perry, chairman of Britain's business networking organization 48 Group Club, said China has undergone incredible transformation since its reform and opening-up in 1978 and the country is sure to achieve its long-term target.

At that meeting, the Free Trade Area of the Asia-Pacific (FTAAP), a proposed high-quality free trade arrangement covering all APEC economies, made a breakthrough with APEC members unanimously adopting the FTAAP Beijing Roadmap.

This year's WLSC, which ends on Monday, focuses on medicine and health, agriculture and food safety, environmental science, biotechnology and economy.

"For international developing countries like Papua New Guinea, this is a great initiative because of the access to capital and infrastructure-building capacities that we are now developing together with China," PNG Prime Minister Peter O'Neill commented.

The central delegation presented the region with souvenirs, including a plaque with an inscription by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee.