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China is currently on course to loosen the cap on foreign ownership in joint ventures to attract more foreign funds to its financial market. The government had previously pledged to lift the limit from 50 percent to 51 percent in the insurance sector in three years and fully remove it after five years.

China is currently striving for the realization of "Two Centenary Goals" under the guidance of the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, while Uganda is committed to its national development plan "Uganda Vision 2040," Wang said, calling on both countries to dovetail their development strategies and cooperate under the framework of the FOCAC and the Belt and Road Initiative.

China is the largest rubber consumer in the world, and Hainan is home to the country's largest natural rubber production base. The natural rubber planting area in Hainan has reached more than 8.1 million mu (54,000 hectares), and rubber output in 2018 hit 360,000 tons, accounting for 42 percent of China's total output, according to data from the Hainan provincial department of agriculture and rural affairs.

China has the world's biggest currency reserves, approximately trillion, and is the biggest foreign holder of US government debt, with .19 trillion in Treasuries as of October 2017, according to data from the Treasury Department.

China has rolled out a number of measures to significantly broaden market access since the beginning of 2018, the year that marks the 40th anniversary of the country's reform and opening-up policy.