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Medical services were provided in 93.4 percent of all nursing homes, and the ratio of nursing beds designed for those incapable of taking care of themselves rose from less than 30 percent in 2015 to 46.4 percent by the end of November 2017, according to Huang.

Such a transition, he said, is the context in which China formulates its macroeconomic, structural, reform and social policies in the coming years.

"It will not only inject great vitality into China's own development, but also bring new opportunities for various countries, including Myanmar, in their cooperation with China," he said.

"The two countries should seize new opportunities created by the Belt and Road Initiative, and carry out practical cooperation within the Belt and Road framework in order to promote prosperity of Eurasia," he said.

People in both countries stand to benefit from the huge amount of capital flows.