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"China leads the world in the application of blockchain technology," said Huang Zhen, a professor with the Central University of Finance and Economics. "The technology is widely used not only in the financial sector but also in government services, which has become a key driving force for improving the business environment."

"Canceling an item or relaxing a regulation on the negative list showcases China's efforts to further open up a new field, which can continuously attract more international resources to flow into the nation's sprawling manufacturing industry," Wang said.

"China has managed to dramatically cut poverty levels in a short period of time than any other country in the world in human history," the former president of the African Development Bank said on the sidelines of the annual Ibrahim Governance Weekend.

"China has become a core priority for Ferrero in terms of growth. Thanks to a series of timely and effective measures, the Chinese market has been the first to recover amid the pandemic, demonstrating its remarkable resilience and great potential," said Mauro De Felip, general manager of Ferrero China.

"Cambodia is willing to communicate with China closely, and join hands with China in maintaining multilateralism, international rules, and regional peace and stability," he added.