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This year marks the 70th anniversary of the founding of the United Nations, he said, adding that peace and development are being focused as two major themes that call for "full cooperation and joint response" from the international community.

Argentina, a major agricultural products producer, established diplomatic ties with China, its second-largest trading partner, in 1972, and has been playing a role in improving the Asian giant's food security.

The Silk Road initiative will expedite the export of Chinese equipment, said Huang Bin, a China expert with Kasikorn Research Center, a Thai think tank.

"It was a one way road back then," Shi said, "There was only inbound tourism in China. They (Western officials) thought we were appealing to them for customers and money."

China has worked to streamline administration and delegate powers to stimulate the market as part of its reform efforts amid an economic slowdown.