China, along with other countries, will work toward the common goal of advancing trade and investment liberation and facilitation, officials and executives said on Monday. In tandem with other countries, the country will harness opportunities presented by the ongoing technological revolution, and maintain an open and rules-based trading system, to inject much-needed momentum into global economic recovery, they said.

The rise in protectionism in some parts of the world is exacerbating the already fraught global economic and geopolitical situation, said Dilma Rousseff, president of the New Development Bank.

As the world's second-largest economy, China's economic performance brings much-needed stability to the world's economy. China's commitment to an open world economy is clear, Rousseff said.

The Belt and Road Initiative, for instance, is one of the most important platforms for investment in infrastructure projects across the world, Rousseff said, adding that the initiative accounted for more than $1 trillion in investments in 10 years. Trade between the countries participating in the initiative grew by 6.4 percent annually between 2013 and 2022 to reach $19.1 trillion.

"China's role in global supply chains is of particular importance, and we acknowledge the innovative approaches and regulatory enhancements it has embraced. Technologies such as AI (artificial intelligence), blockchain and IoT(internet of things) have revolutionized operations, ensuring transparency, efficiency and sustainability," said Remi Paul, president of the French Chamber of Commerce and Industry in China.