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Against the background of downward pressure of the world economy and rising trade protectionism and unilateralism, China, Japan and the ROK, as important Asian countries and three major economies in East Asia, shoulder important responsibilities in safeguarding regional peace and stability and promoting world development and prosperity, said Li Chenggang, assistant minister of commerce.

In 1954, leaders of China, Myanmar and India initiated the Five Principles of Peaceful Coexistence, the spirit of which has become a worldwide consensus. The steady development of China-Myanmar ties is a demonstration of how to follow the principles of mutual respect for sovereignty and territorial integrity, mutual non-aggression, non-interference in others' internal affairs, mutual benefit, and peaceful coexistence.

Of all the miracles, China's battle against poverty has been the most recent and strikingly encouraging story. Aiming to eradicate absolute poverty by 2020, the nation has already lifted over 800 million people out of poverty, representing over 70 percent of global poverty reduction.

As the cooperation between China and Egypt grows in scope and depth, China has become the largest trading partner of Egypt, Wang noted, adding the Chinese investments in Egypt surged more than 60 percent in 2019.

China's strategy tackles the main roots of poverty: poor-quality jobs and low wages, two constant complaints among Latin America's work force, according to Coutino.