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"China is now back into the second position right after the North American market," said Mueller-Oetvoes in a recent interview with Xinhua.

"China and African countries have accumulated rich experience in self-development and poverty reduction. China is willing to strengthen exchanges with African countries to benefit both parties," he said.

"By working with the host countries, we have already begun to issue early warning information regarding national trade and investment credit risks and a legal policy service guide, as well as help companies understand and pre-examine the actual situation, to effectively avoid and properly respond to potential business risks and policy changes," he said.

"China has been investing in infrastructure in South America for a while," Leeds said. "So, from our perspective, we don't think that's news - just additional competition. Brazil and Argentina still have a long way to go, but these investments are certainly closing the gap on their ability to compete with the US."

"China and Africa are a community of shared future that pursues win-win cooperation. Unity and cooperation with African countries is an important basis of China's foreign policy," Wang said, recalling the success of the Forum on China-Africa Cooperation held in Beijing not long ago.