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China’s contribution to the development of Latin America and the Caribbean is obvious to all, and the integration of China-Latin America interests is further deepened, Wang said.

China's service sector continued to expand in May, with the Index of Services Production maintaining rapid growth of 8.1 percent year on year, while business activities expanded faster than April to reach 53.5 percent.

Chinese Ambassador to Serbia Chen Bo (Front) delivers a speech at the opening ceremony of Chinese Light Festival in Kalemegdan Park in downtown Belgrade, Serbia, on Feb 4, 2019. The Chinese Light Festival is held here from Feb 4 to Feb 24 to celebrate the Chinese Lunar New Year. [Photo/Xinhua]

China's trade in services reached a record high of 2.98 trillion yuan (6 billion) between January and July, which was bolstered by the nation's economic resilience and increasing efforts to drive the service sector.

China's reform and opening-up has opened up new vistas for the country while lifting more than 800 million people out of poverty. The use of social and scientific innovation in economic growth and technology, and a focus on "made in China", apart from reforms at all levels, including industry, education, health and other important areas, are reasons behind the country's progress and prosperity.