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China is set to become the world's largest payment market by 2020, according to research firm Global Data Plc.

China is seeking to bring various financial institutions, international enterprises and funding sources together to get projects rolling in economies involved in the Belt and Road Initiative, said senior executives at Standard Chartered Bank.

China is finding success in strengthening its ties with some South American economies. Uruguay signed a memorandum of understanding on the BRI with China in August, becoming the first Mercosur country to participate in the initiative.

China has shouldered the international obligations of a responsible country in epidemic control, and has developed joint cooperation with the international community in an open, transparent, scientific and coordinative manner, State Councilor and Foreign Minister Wang Yi said on Monday.

China is also the largest financing source for the country. A fund provided by China helped build 251 wells and 1,800 kilometers of pipelines in rural areas, providing water for drinking and daily use for one-seventh of the population, according to the article.