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More focus should be given to managing the structure of state assets, regulating capital use, enhancing capital returns and protecting the safety of capital, the statement said.

China lifted relations with Ecuador and Chile to one of a comprehensive strategic partnership, sending a strong signal that China is deepening mutual trust and elevating partnerships with Latin America.

After more than a year since the signing of the declarations, China and the EAEU have established close contacts and initiated a large-scale research.

The priority of the current development of Europe is to curb uncertainties brought about by Brexit and other intriguing issues and enlarge positive aspects, said Cui Hongjian, director of the Department for European Studies of the China Institute of International Studies.

Cooperation in various fields has yielded great success. "Pragmatic economic cooperation between China and Ecuador has produced tangible benefits for the two peoples and has been widely praised by the Ecuadoran side," said Wang.