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Chen Fengying, a senior researcher on the world economy at the China Institutes of Contemporary International Relations, said the way the two countries work with each other on economics and trade "directly influences the improving process of the world economy".

Cheung, who is acting chief executive as HKSAR Chief Executive Lam Cheng Yuet-ngor is on a visit in Britain, made the remarks when attending the International Conference on Smart Future: A Global Perspective held by Hong Kong Productivity Council.

Chile is the first Latin American country to sign a free trade agreement with China.

Chery also saw bullish export markets in countries including Russia and Brazil, delivering 31,845 vehicles in the first four months of this year, up 67.5 percent year on year.

Chen also said compared with Amazon, domestic online retailers have a better understanding of local consumers' needs and how to operate in accordance with local market conditions.