A top Chinese envoy has visited Israel and Palestine, signalling Beijing's willingness to engage in regional affairs following the Gaza ceasefire, though observers cautioned that the results might be limited results given the close ties between the US and Israel.

JERUSALEM - The 10th-anniversary celebration of the China-Israel Changzhou Innovation Park was held Wednesday in Tel Aviv, Israel's economic hub. Addressing the event, Chinese Ambassador to Israel Xiao Junzheng highlighted the park's significance, which was officially inaugurated in January 2015.

What the international community expects is win-win cooperation. Provoking bloc confrontation is not only against the trend of the times but also dangerous.

A ceasefire agreement between Israel and Hamas formally entered into force on Sunday, paving the way for the exchange of Palestinian prisoners and Israeli hostages. A spokeswoman for Beijing's foreign ministry said "China welcomes the Gaza ceasefire agreement coming into effect".

China welcomes the Gaza ceasefire agreement and hopes that this agreement will be implemented effectively and that there will be a full and permanent ceasefire in Gaza, Guo Jiakun, a spokesperson of China's Ministry of Foreign Affairs,

Israeli strikes in Gaza continued overnight and into Sunday morning. Since the ceasefire was announced on Wednesday, at least 115 Palestinians have been killed in the attacks, according to Gaza health authorities.

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The office of Israeli Prime Minister Benjamin Netanyahu has confirmed that a Gaza cease-fire and captives deal has been reached with Hamas. However, how the deal, which is still deemed fragile by analysts will be implemented remains uncertain.