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China stands ready to synergize its Belt and Road Initiative and Armenian development strategies so as to make the development of bilateral ties and cooperation benefit the two peoples, said Chinese premier.

China sets a good example for some other developing countries to embrace prosperity. But because one size does not always fit all, economies with different political systems and economic landscapes should find their own suitable development path, and join their efforts to address major global issues.

China provides opportunities for overseas businesses because of the continuing positive effects of the past 40 years of reform and opening-up, senior executives and officials said at the Investment Summit for Overseas Chinese Merchants 2018 on Friday in the city of Xiamen.

China will also strengthen supervision on fee charging and punish governments which hurt enterprises' interests or refuse to honor policy commitments, the statement added.

China now is the largest chemical market in the world. We are expecting more competition in the industry, especially coming from fast-growing local players in China.