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China is in the midst of a widespread opening up of its domestic economy to foreign participation. It is further opening up its financial services markets, vehicle manufacturing, oil and gas exploration and so forth. In most sectors, foreign companies will be allowed 100-percent ownership. Plus, China has been strongly increasing its means to enforce intellectual property rights. Both the law and China's top leaders guarantee that foreign companies will not be forced to transfer technology.

China has put forward the "double suspension" proposal, which requires the DPRK to suspend its missile and nuclear activities in exchange for the suspension of large-scale US-ROK military drills.

China is ready to work with Cambodia to hand down and carry forward their traditional friendship, revitalize China-Cambodia relations in the new historical period and bolster the well-being of the two, he said.

China is expected to encourage more countries to open up by seeking greater quality in its own opening-up, thus "pushing for and playing a leading role in reforming and perfecting the global governance system", he added.

China is at the forefront of 5G technology, Groth noted, adding it is definitely an area where the two countries can strength their partnership.