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This is a major reform that aims to deepen the reform and opening-up of the financial market, serve a new pattern of all-round opening-up and meet the investment needs of foreign investors in China's financial market, said Wang Chunying, chief economist of the SAFE.

Secondly, China pursues the greater good and shared interests when conducting mutually beneficial cooperation with other developing countries, said Hua. "We do our best to provide assistance to them with no political strings attached. Our cooperation has effectively advanced local economic and social development and improved people's lives. It is warmly welcomed by developing countries."

"The seventy years after the founding of a new China has ushered in the best development in China's history. China has developed from a poor and lagged-behind country to the world's second-largest economy, the largest industrial producer, the largest goods trader, the largest foreign exchange reserve country and the largest trading partner and export market of nearly 130 countries and regions including New Zealand," Zhou highlighted.

In China, a comprehensive elderly care service system is taking shape, meeting the needs of the elderly who prefer to spend later years at home, community-level centers or nursing homes.

The Guangxi pilot FTZ aims to step up cooperation with the ASEAN region. The total area of Guangxi's pilot FTZ is nearly 120 sq km, covering areas of Nanning, Qinzhou Port and Chongzuo.