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"Cross-border e-commerce is an innovation responding to the new industrial revolution. As our economy transforms and upgrades, innovations in business model become an imperative. Cross-border e-commerce may take up a very small share in our overall foreign trade now, yet with its fast growth, it has catalyzed domestic industrial upgrading, spurred consumer spending, boosted domestic logistics such as express delivery, encouraged innovation and business start-ups, and created massive jobs."

More than 10 international transport organizations and 40 academicians from home and abroad will participate in the convention, according to Liu Wenjie, secretary-general of the convention's executive committee.

China and Africa have created a new model of South-South cooperation, Li said.

BEIJING, July 14 (Xinhua) -- China's output of over 100 light industry products including bicycles, batteries and furniture ranks first in the world, according to a report from the National Bureau of Statistics.

Both sides will continue to support each other on issues related to their core interests, such as national sovereignty, security and territorial integrity, said the statement.