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China, as always, sees its ties with Ecuador from a strategic and long-term perspective, and is ready to further deepen pragmatic cooperation with Ecuador in all areas so as to bring more benefits to the two peoples, Xi said.

However, checkbook diplomacy is not at work in the resumption of China-Sao Tome and Principe ties. China has made it crystal clear that it will never trade on the one-China principle with money. China knows that lavishing money will not lead to the long-term development of the poor island country.

Presided over by Wang Qishan, secretary of the CCDI, the meeting urged the CCDI to take a leading role in implementing the two documents, and better address problems existing in Party governance, according to a statement released after the meeting.

Reforms which focus on expanding effective supply in a dynamic supply-demand equilibrium, will promote stability, said Zhao Yao, professor with the business school of Rutgers University in the United States.

The two nations have enjoyed growing bilateral political mutual trust, deepened practical cooperation and closer people-to-people exchanges in the past 25 years since they forged diplomatic ties, Li said.