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"China is now one of our top five markets. Chinese consumers have the style consciousness of the French and Italians, and the spending power of those in the US," said De Jong.

"China has undertaken substantial efforts to improve the domestic business climate for small and medium-size enterprises, maintaining an active pace of reforms," said Martin Raiser, World Bank country director for China.

"China is the largest film market in the world with a rich cinematic heritage with some of my favorite films such as Chen Kaige's Farewell my Concubine, Wong Kar Wai's In the Mood for Love and Ang Lee's Crouching Tiger, Hidden Dragon," he said.

"China attaches great importance to ties with the countries and stands ready to further strengthen mutual trust, cooperation and exchanges, so as to advance bilateral ties and better benefit the people," Xi said, expressing the hope that the ambassadors will play a positive role to this end.

"China has started relatively late in the development of commercial endowment insurance and thus lacks enough experience. It is important to learn from advanced experience worldwide, continue to open up our insurance sector, and in this process, develop our own commercial endowment insurance to meet the needs of an aging society," Li said.