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Despite the fact that China can serve as an industrial accelerator on the African continent, Bakkoury says there are certain principles that are central to development of any country, including having and valuing resources, human capital and financing. If a country lacks any of these, it must bring a partner like China on board to fill the gap, he adds.

Designed to finance the Belt and Road Initiative together with the AIIB, the Silk Road Fund was established in Beijing on Dec 29, 2014, following Chinese President Xi Jinping's announcement on Nov 8 that China would contribute billion for this purpose.

Despite tensions, local delegations continue exchange of ideas, opportunities

Deleveraging is likely to have an uneven impact across regions. For example, regions such as Liaoning, Shanxi, Hunan, Yunnan province and Tianjin with a high concentration of overcapacity industries or outdated industrial structures stand out as the most exposed to overall economic and financial stress.

Describing his online learning experience during the remainder of last semester, Wang said, "Even though we could see the screens of classmates, raise hands virtually, type to speak, the interaction is not that direct. It felt different compared to being in a classroom. It also gave me the illusion that this was not that important, and my mind easily wandered."