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China and the ROK have complementary development advantages, while enterprises from both countries enjoy a sound foundation of cooperation and broad prospects, said Li.

China and CEE countries have worked together to improve transport networks, including Serbia's E763 highway project and the overhaul of the Budapest-Belgrade railway, as well as other infrastructure projects, such as a thermal power plant in Bosnia and Herzegovina.

China and Russia will continue to enhance strategic communication and coordination under the mechanism of bilateral strategic security consultation, said Yang Jiechi, a member of the Political Bureau of the Communist Party of China Central Committee.

China Construction First Group Corp Ltd, a unit of centrally administered State-owned giant China State Construction Engineering Corp, is enhancing its ties with partners in Russia to ramp up innovation efforts in engineering work, as well as expand its presence in overseas markets.

China announced in 2018 a series of measures for further opening-up, including creating a better investment and business environment, lowering the tariffs on numerous consumer and industrial goods, and releasing a new negative list on foreign investments.