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The two economies should also work fast to conclude negotiations on the Regional Comprehensive Economic Partnership (RCEP) at an early date, he added.

As the world continues to undergo profound and complex changes and as developing countries acquire growing collective strength, more eyes will be on this vibrant continent of Africa.

"To have these leaders sit down together and meet is in itself a very big deal," said Zhu Weidong of Taiwan Research Institute at the Chinese Academy of Social Sciences. "The meeting will set the tone for the future and certainly play a powerful role in future communication."

"All parties should strengthen communication and coordination on their respective development strategies and policies so as to promote political trust," Li said.

Gu noted a peaceful environment for common development can be realized through initiatives on economic exchange such as the Belt and Road Initiative.