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China is a comprehensive cooperative partner of the CELAC. The relationship between the two sides is based on equality, mutual benefit, openness, mutual respect and without any political considerations.

China is Uruguay's top beef importer with 60 percent of the beef export of the Latin American country coming to China in 2018. The country sees great potential market in China as Chinese only consume 5.5kg beef per head annually compared to 60kg in Uruguay.

China implemented the Foreign Investment Law in January, shortened its negative lists for foreign investment and introduced a number of policies to further optimize its business environment for global investors.

China has urged local authorities to carry out a "thorough inspection" from kindergartens to high schools to root out commercials and business activities on campuses, according to a circular released by the Ministry of Education on Friday.

China is assisting Europe in transforming its once economically backward countries into its new growth engines.