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The country remains one of the world's most prosperous, promising and resilient economies, with its gross domestic product (GDP) growing by 6.8 percent in the first half of 2018.

The summit will conclude with the signing of a declaration and an action plan, providing guidelines for China-Africa cooperation for the next three years.

Noting that Xi's speech at the opening ceremony of the summit is one of the greatest speeches on international cooperation in the 21st century, Majaliwa said the cooperation concept and the eight major initiatives proposed by China are fully compatible with Africa's needs for development.

"It would be hard to imagine that one fifth of the global population could develop and prosper, not by relying mainly on their own efforts, but by stealing or forcing some transfer of technology from others. That's impossible," he said. "The Chinese people are as hard-working and diligent as anybody on earth."

The Chinese premier said China is still a developing country with insufficient and imbalanced development.