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"China will play an active and vital role in prompting the development of the semiconductor display industry, which has a high entry threshold and needs high investment," Li said.

"Consumption has been playing a bigger role in China's economic development while the country is undergoing economic restructuring. The trading hub will cater to the demand of increasingly sophisticated Chinese consumers. It is our hope that we can build the trading hub as the ideal venue for companies to launch new products and into a most influential distribution center for imports and exports,"Zhang said.

"Climate change, inadequate governance, insufficient access to technology and an increasing concentration of people living in disaster-prone areas have created a situation that is driving disaster risk upwards, especially in poor and fragile countries," she said. "This poses a critical threat to achieving the United Nations 2030 Agenda and the 17 Sustainable Development Goals."

"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.

"China's continued economic growth and the expanding middle-income earners will also make the country a profitable market for South American companies," he said.