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Second, we need to strengthen multilateral economic cooperation and trade to unleash the huge potential of common development. In the context of setbacks in economic globalization and backlash against the multilateral trading regime, SCO members are encountering new challenges in economic development. Past experience shows that development cannot be achieved behind closed doors, and opening up is the right way forward.

Over the past nearly 40 years since the two countries established diplomatic relations, they have forged deeply-intertwined economic and trade ties, Gao Feng, a spokesperson with the MOC told a press conference.

"I'm glad that we are gathering here today to celebrate together the 69th anniversary of the founding of the People's Republic of China," said Li when addressing the event.

China is a trustworthy partner for Mexico, he said, adding that Mexico is willing to further develop the bilateral comprehensive strategic partnership.

China always advocates that any problem between China and the United States can be resolved through equal and frank dialogue, he said.