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Chinese President Xi Jinping is attending the 25th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Vietnam's central port city of Da Nang. After the two-day meeting which started on Friday, Xi is scheduled to pay a state visit to the country.

China, for instance, maintains normal economic exchanges and trade with Iran that are conducted on the basis of conforming to its obligations as a signatory to the Iran nuclear deal and under international law.

China's top envoy to Canada made the comments in a webinar hosted last week by the Canada China Business Council, or CCBC, in which he highlighted the business opportunities for foreign investors as China moves from its 13th Five-Year Plan (2016-20) to 14th Five-Year Plan (2021-25).

China's total imports of goods and services accounted for 9.7 percent of the world's import market in 2016, increasing from 8.4 percent in 2011, according to the World Bank. The expansion of China's import demand will make greater contributions to the prosperity of international trade and effectively promote the rebalancing of the world economy, Zhang added.

China's recovery from the pandemic has been "remarkable", said O'Neill, chairman of the London-based think tank Chatham House.