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China's investments in South Africa cover a wide range of diversified fields, like energy, manufacturing and telecommunication, all prioritizing local procurement whenever possible, in support of the local economy and industrial development.

China's economy expanded steadily in the first half of 2018 as restructuring provided resilience and impetus against trade frictions.

China's first breast milk bank — based in Guangzhou — has helped cure 365 seriously ill babies in the past five years.

China's loan commitment to the Belt and Road countries will be fulfilled in the next 3 years or so, Hu predicted. CDB will adhere to the market-oriented operating principle of the fund, offering key support to infrastructure construction, production capacity and financial cooperation, he added.

China's decision to reform and open up, Ampuero said, not only ignited its achievements over the past 40 years but has also offered immense opportunities to the rest of the world.