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The loan will supplement government funding worth 200 million U.S. dollars to finance a water infrastructure project in Hezhou, Guangxi Zhuang Autonomous Region, which will be completed within six years and directly benefit more than 100,000 people, according to a World Bank statement.

"China wants to share with other countries the opportunities arising from its own development and welcomes others to ride on its development," he said.

The achievements are also visible on the streets in Serbia, the expert said. "We notice that more and more Chinese come to the country for tours or businesses and Chinese restaurants and goods are popular among Serbian customers."

For example, companies with good credit records had received 632,000 loans from financial institutions in the banking sector by the end of 2017.

To realize the goal of eliminating extreme poverty in the rural areas by 2020, China is carrying out a basic strategy of targeted approach, which requires officials of all levels to identify who the actual impoverished people are and the factors that led to their poverty.