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China's growth coupled with a policy of further opening up its market to foreign goods generates concrete opportunities for countries like Argentina, Bustelo said, citing the recent second China International Import Expo held in Shanghai in November.

China's imports of natural gas have grown to meet increasing domestic consumption, primarily driven by environmental policies to replace coal-fired electricity generation.

China's homegrown C919 passenger plane completed its first public test flight earlier this month, and US aviation experts say that eventually the narrow-body jet could compete with the updated Airbus 320 and Boeing's new generation of 737 planes.

China's opening-up has not only benefited its own people, but also brought about massive opportunities for global growth, he added.

China's efforts to invest in new infrastructure at home will increase the resilience of global supply chains. This is because, as one of the most important nodes in the global value chain, China is a critical link in the supply, production and distribution channels of companies across the world, many of which have no physical presence in the Chinese market, he said.