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China's vast market provides an ideal base for the application of intelligent technologies such as artificial intelligence and big data. Taking advantage of this landscape, some private businesses have made continuous breakthroughs in the domestic market, and are now exporting their technologies to the rest of the world.

China's service trade deficit has narrowed significantly, according to Gao Feng, the ministry's spokesman. In July, the figure decreased 30 percent month-on-month and 1.8 percent year-on-year to 141.5 billion yuan (.8 billion).

China-New Zealand relations have maintained positive momentum in development since the establishment of diplomatic ties 45 years ago, Li said.

China's reform and opening-up, which began in 1978, has triggered rapid urbanization in coastal regions and, as a result, massive numbers of farmers from impoverished Central and West China have flowed southeast to feed the hunger for construction workers there.

China, however, had FDI of over 880 billion yuan in 2018, a record high and an increase of 0.9 percent from a year earlier, according to the Ministry of Commerce.