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He said steel products and construction materials produced in Tangshan would be exported to Mongolia and European countries through the new route.

"While the demographic dividend was well leveraged during the earlier stages of development, it is a more skilled and high-quality workforce that is crucial to high-quality development going forward," Li said.

Xi said that China is willing to work with Britain to strengthen communication and coordination on macro policy, maintain high-level exchanges and institutional communication, promote practical cooperation under the framework of the Belt and Road Initiative, and provide more opportunities to upgrade and accelerate the "Golden Era" of bilateral ties.

Though in some Chinese overseas projects investment risks are indeed underestimated, yet the bigger picture is that most of the Chinese investors are rational enough to conduct business with their foreign partners in a mutually beneficial way with a long-term view.

"If external impacts spread to China, our banking system and securities and insurance markets, equipped with quantity and price regulation, are fully capable of defusing the risks," Yi Gang, head of the People's Bank of China (PBOC), said at the China Development Forum in Beijing.