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He added that the two sides should safeguard economic globalization and free trade system, and make joint efforts to build a community of shared future for mankind.

The British prime minister said she was delighted that the two sides reconfirmed to further deepen the "Golden Era" of bilateral ties, and welcomed the forthcoming London-Shanghai stock connect program, which would allow investors on one bourse to invest in the other.

The City of London's expertise and knowledge in the development of green and smart cities, together with China's infrastructure capabilities and talents, will make the Xiongan project a successful model for cooperation, Bowman said, adding that the new area will also serve as an innovative green finance role model to other Chinese cities as well as to those along the Silk Road Economic Belt and the 21 Century Maritime Silk Road (Belt and Road).

"For the larger economies, in most cases wealth has been built on unsustainable growth. That is about to change, and I'm convinced China will now lead the way," he wrote.

Levy said the share of labor in U.S. manufacturing fell by more than 33 percent between 1985 and 2001, the 16 years leading up to China's WTO membership. That backed up his conclusion that China, if anything, had actually played a much lesser role in the downward trend.