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China is Uruguay's top trade partner and the latter was the first country of Mercosur, a South American trade bloc, to sign the memorandum of understanding on the joint building of the Belt and Road Initiative (BRI) with China in 2018.

China has preapproved 2.29 trillion yuan (5 billion) worth of local government special bonds to fund infrastructure projects and create demand. All the bonds are expected to be issued by the end of this month.

China is likely to import products and services valued at more than trillion over the next five years, providing an opportunity for enterprises across the world to enter the Chinese market, according to the CIIE website.

China is seeking innovation and entrepreneurial talent in Europe to help take its economy to a new level.

China has remained the top exporter to Algeria for the past six years, it added.