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"Customer demand in China, in particular, has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations."

"China will continue to help Bolivia in implementing its strategy of becoming the 'energy center in South America'. We will strengthen cooperation in various fields under the Belt andRoad Initiative, and push for deeper bilateral relations," Liang added.

"China's foreign trade continued to stabilize and improve in the first four months this year and the trend will continue through the year," said Gao Feng, the MOC spokesperson.

"Chinese investment can be instrumental in addressing structural and logistical constraints that impact the competitiveness of African exports," he said.

"China's exports saw challenges with the rise of trade protectionism," Ren added. "The economy also felt the pinch from a tightening of liquidity conditions during financial deleveraging. While this has reduced credit risk, it has also increased financing difficulties for private enterprises."