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China ranked 20th in service trade development globally, taking the top spot among developing countries according to a report by a government think-tank.

China welcomes US companies to actively participate in its market and will strive to create a fair and just environment, the Ministry of Industry and Information Technology said on Monday, citing a meeting it held with companies including Qualcomm Inc and General Motors.

China is willing to boost mutual political trust along with Serbia and deepen pragmatic cooperation taking the Belt and Road Initiative as an opportunity, said the envoy.

China is willing to work with African countries to dovetail the Belt and Road Initiative and the African Union's Agenda 2063, as well as development strategies of African countries, Chen said on Monday at the opening ceremony of the eighth Meeting of the China-Africa Think Tanks Forum.

China will accelerate the opening of its capital market to foreign asset managers and the market will likely see a surge in new investment products offered by foreign funds in the first quarter of this year, according to a senior official of the Asset Management Association of China.