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China's Latin American purchases were the most dynamic in 2017, and centered on basic products that are seeing higher prices compared to previous years, according to economist Paolo Giordano, an IDB expert in trade and integration.

China's GDP expanded an annualized 6.9 percent in the first three quarters of 2017. Q3 was the ninth straight quarter of growth over 6.7 percent.

China's Ministry of Finance quickly countered on Saturday with its own 25 percent tariff on 659 US products worth up to billion that include items such as soybeans, beef, whiskey, electric cars, chemicals and energy products.

China will work with countries along the routes on nearly 20 action plans, concerning infrastructure, energy and resources, production capacity, trade and investment, which will help to turn the grand blueprint into a clear roadmap, he said.

China's air traffic has been steadily recovering since late February, with the number of flights jumping to 6,586 per day as of April 21, exceeding 40 percent of the volume of the same period a year ago.