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Now China is home to the world's biggest middle-income group comprised of some 400 million people, and the number is still on the rise. The country is evolving from the world's workshop to becoming a major consumer of goods and services instead.

Hu pointed out that Uruguay is the first country in the Southern Common Market (Mercosur) to sign a memorandum of understanding on the Belt and Road Initiative (BRI) with China.

The National Forestry and Grassland Administration has recently released a guideline promoting the forestry industry, vowing to expand forest tourism while conserving natural resources.

Jean-Yves Le Drian, Wang's French counterpart, said at the ceremony it is of great significance that France and China co-hosted the global governance forum during Xi's state visit to his country.

The representatives expressed their confidence in the Chinese market, saying they will expand trade and investment in China so as to better share the opportunities of the country's development.