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Wang said China hails the DPRK's commitment to the denuclearization of the peninsula and the efforts it has made for easing tensions.

Wang Yongjiu (left), who set up the restaurant Yongjiuwang, and his daughter, Wang Shiyi, who has helped develop the restaurant into a chain.[Photo provided to China Daily]

Wang said that it was stressed that China, with each of the two countries, shares extensive interests in the South China Sea, adding that the two countries agreed to resolve differences with China through friendly consultations, further maritime cooperation and push talks on a code of conduct in the South China Sea.

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Wang noted that globalization and collaboration have led to the booming economic success of bay areas worldwide, while cautioning that restrictions on the flow of technology and intellectual property only led to "self-imposed isolation".

Wang said the rising trend of unilateralism and the supremacy of unchecked national interests threaten to collapse the international order and system that all countries rely on for development, with dire consequences for small and medium-sized countries.

Wang said Loopring generates revenue to pay its expenses through what is called an initial coin offering or ICO. The coin offerings represent a way for start-ups like Loopring to raise money without selling stock or seeking private funding.

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Wang pointed out that China has no intention of seeking a trade surplus and is willing to resolve trade imbalances through consultations.

Wang Xinjun, president and CEO of Ivy Alliance Tourism Consulting, said Chinese outbound tourists are familiar with Argentina and Brazil due to their soccer culture, a key reason that the two countries, as well as Chile and Peru, are among the most popular South American destinations for Chinese tourists.

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Wang Xiang, senior vice-president of Xiaomi, said Xiaomi believes in working with companies that share its values and it’s delighted to partner with Jumia to reach more Mi fans across Africa.

Wang Keju contributed to this story.