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"China is driving developments in battery technology. It has driven the developments in solar PV. In a whole load of ways it is getting on with things that are going to be central to the future technology of the world. They put together private entrepreneurship, a high savings rate, a state that is willing to invest in infrastructure," he explained.

"China COSCO Shipping will use its abundant overseas resources in this new project, and provide supporting services from our overseas shipping and ports networks," Xu said.

"China has initiated the AIIB (Asian Infrastructure Investment Bank), which is playing a very important role in the East Asia region. China is involved in major trade negotiations with the ASEAN countries and many others," he said.

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

"China has been an important engine for global growth in recent years," said Liang Haiming, dean of Hainan University Belt and Road Research Institute.