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"Our efforts are centered at localizing business for Chinese companies and strategizing for the firms by informing them, among other issues, the obstacles they face while doing business in Africa and how they can overcome the challenges," SACE Foundation Project Manager Lu Jinghao told Xinhua during an interview.

Under the current law, these punishments are applied only to those funding terrorist organizations and individuals carrying out acts of terror.

In sum, the presence of Chinese investment and technology is being strengthened in Latin America at an opportune time, leading to Latin America's greater involvement in redefining the global value chain.

"We will continue to transfer development, adjust structure and improve the quality and efficiency of economic development, in order to maintain rapid growth of the Chinese economy," Li said.

China also revised the Administrative Litigation Law in 2014, giving citizens more rights to sue the government and making it easier to do so. Courts across the country heard 151,000 administrative first-instance cases and concluded 131,000 of them, up 16.3 percent and 8.3 percent, respectively, from 2013.