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"China and many other leading economies today have joined the elite club of the developed world by promoting and supporting the flow of FDI into the developing world. They hope that such flows will uplift the livelihood of many poor people," he says.

"China is a strategic partner," said Zambrano. "Although we are a small economy, being in a strategic location in the westernmost part of South America and aligned with the Equator allows us to develop all connectivity."

"By working together, we can amplify our national responses and assist those countries that need our support," he later told News Corp Australia on Thursday night.

"China has obviously managed the pandemic better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

"China now boasts over 2 million new-energy vehicles and holds more than 100 technical standards," Cang said. "We are in a good position to share our expertise and experience with the ASEAN nations and help them grow."