SYDNEY, Sept. 27 (Xinhua) -- About 400 luminaries and representatives from the Chinese and Papua New Guinea public and private sectors in the Oceania country's capital Port Moresby earlier this week celebrated the 69th anniversary of the founding of the People's Republic of China.

Speaking at the event at the Stanley Hotel on Tuesday evening, ahead of China's National Day on Oct 1, Chinese Ambassador to PNG Xue Bing pointed to China's remarkable achievements since its founding, particularly those from its reform and opening-up implemented four decades ago.

This year is also an important one for bilateral relations between China and Papua New Guinea, with the two sides maintaining a frequent exchange of high-level visits, he added. PNG Prime Minister Peter O'Neill's visit to China in June was significant with the signing of a memorandum of understanding on the Belt and Road Initiative, said Xue.

Tuesday's reception was attended by PNG Governor-General Sir Bob Dadae and other ministers, diplomatic staff and members of the Chinese business community.