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China is pushing the PPP model to reduce government debt burdens and improve efficiency, but has only seen a tepid response from private businesses, partly due to low returns and difficult risk control.

China is a country with a huge population and market potential, said Haggai Ravid, CEO of Cukierman & Co. Investment House, an organizer of the conference.

China is Africa's largest trade partner. An Ernst & Young report also showed that in 2016, China was Africa's single largest contributor of foreign direct investment capital and jobs. It has not been unusual for top US officials to criticize China on their foreign trips to distract attention. Before embarking on his trip to Latin America a month ago, Tillerson accused China of being a new imperial power in the region. But Peru's Trade Minister Eduardo Ferreros pushed back, saying China was "a good trade partner".

China has taken a series of measures to further open its manufacturing sector to overseas companies, which has significantly boosted foreign investors' confidence in the nation's gigantic market and attracted more overseas investments, experts said.

China is considering building the personal bankruptcy system and will take measures to root out zombie companies from the market, as part of its greater goal to foster a more efficient economy, said the country's top economic regulator.