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China has a large domestic market with diverse demands, which also enhances its ability to grasp the opportunities of the new industrial revolution. China is also promoting high-quality economic development and is committed to building a modern economic system.

China currently is South Korea's largest trading partner, export market and largest source of imports by volume, and South Korea is China's third-largest trading partner. Since the bilateral FTA became effective in December 2015, the two sides have cut tariffs four times and about 50 percent of goods they trade in now enjoy zero tariffs, data from the Ministry of Commerce show.

China has been willing to solve the current trade disputes through negotiation and dialogue, even at a time when the US announced an increase in tariffs, the consul general said. He said that for China, the door remains open for negotiations, but in order to make any dialogue meaningful, the negotiations should be based on mutual respect and sincerity.

China continued to open wider to the outside world by easing market access regulations. In the first seven months, imports and exports continued to expand, and overseas direct investment improved significantly from last year.

China attaches great importance to infrastructure and the business environment before building economic zones. "Attracting foreign investment and promoting local employment are also high on its agenda," Huo said. "Many Africans believe that these experiences are worth learning."