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Grigory Trofimchuk, from the Russian-Asian Union of Industrialists and Entrepreneurs, specified that the Chinese proposal envisages the setup of a pan-Asian system which would positively influence the global community.

Cambodia, he added, hopes that bilateral cooperation under the China-proposed initiatives will boost its construction of water and aerial transport infrastructure and extend to such areas as health care, agriculture and disaster relief.

He said the two countries should seek common ground in their respective development strategies to jointly promote the region's economic integration and contribute to global economic growth.

Li noted that China is actively practicing major-country diplomacy with Chinese characteristics and has initiated and is pushing ahead the Belt and Road initiatives, which bring new historic opportunities for its neighbors and regional cooperation.

Called the "Ten Principles of Bandung," they redefined international relations and formed the basis of the Non-Aligned Movement (NAM).