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China, still a developing economy, remains in the middle of industrialization and boasts an enormous, promising market, Xiao said, adding that there could be much improvement in manufacturing, innovation, urban-rural coordination, and people's livelihoods.

China, the world's top crude oil buyer, imported around 655,000 barrels a day on average from Iran in the first quarter of this year, according to official Chinese customs data, equivalent to more than a quarter of Iran's total exports.

China's reform and opening-up will not only benefit the country and its people, but help contribute new growth momentum and facilitate changes to the global economy in many aspects, said officials and business leaders from home and abroad.

China's yuan climbed to a 16-month high on Wednesday as the better-than-expected economic data reinforced the market's confidence in the country's recovery from the COVID-19 epidemic.

China's positive achievements in fighting COVID-19 also highlight the efficiency of China's political governance as a crisis of this magnitude requires a strong and well-coordinated political engine that is able to adopt and implement the appropriate measures, according to the ambassador.