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"The Belt and Road Initiative is trying to get more marginalized countries into the mainstream," he said. "If we see from this perspective, the Belt and Road Initiative is not only a Chinese initiative which has its geopolitical implication, but a global investment strategy which reflects the new trends of globalization."

By saturating the region with warships, fighters and bombers and setting up different kinds of military bases, the United States does not contribute to strengthening regional peace and security, Antonov said.

China always encourages its steel companies to tackle trade problems through cooperation with overseas competitors, the official said.

The two countries, Xi stressed, should take the opportunity of the signing of the intergovernmental MOU on jointly advancing the "Belt and Road Initiative" last year to further synergize their development strategies.

Exports to the European Union, China's largest trade partner, climbed 1.3 percent year on year in the first four months, the GAC data showed.