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The two sides also agreed to broaden people-to-people and cultural exchanges in various fields, develop understanding-building projects, deepen cooperation in education, tourism, local-level and sports, and increase the scale of exchange students, so as to consolidate the social foundation for the long-term and steady development of bilateral ties.

In the next 25 years, with China being strong and influential, many countries in Southeast Asia and South Asia, like Vietnam, Indonesia, Thailand and India, will enter a fast growing period. The center of economic gravity begins to shift to Indo-Pacific and a large reason of that is the Chinese investment and trade with China of these countries under the Belt and Road Initiative, said Flake.

The document called on local governments to improve SOE mechanisms and provide a favorable environment to make SOEs more competitive and an integral part of the regional revitalization drive.

BEIJING, May 25 (Xinhua)-- Chinese and British companies are closely and successfully engaging in projects linked to the Belt and Road initiative, demonstrating the complementarity of Chinese and U.K. expertise across the globe, a report showed.

The Sri Lankan government officially informed the Chinese investors of resuming the construction of the multi-billion dollar Port City project last month, one year after its suspension.