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"Government oversight should be both enabling and prudent. Producers and platform companies should live up to their responsibilities, while the government's focus is on enhancing compliance oversight," Li said.

The two countries share broad common interests in promoting their economic and social progress, and in realizing regional peace, stability and prosperity, said Xi.

Speaking highly of their efforts for China's development, the premier said China will continue to provide favorable working and living conditions for them.

The project, one of the country's largest infrastructure schemes, was designed to take water from the south to dry areas in the north, including Beijing.

The World Bank estimates also showed that trade in the BRI region would increase 13 percent at most, because the BRI will likely foster infrastructure connectivity in the region and reduce trade time by 26 percent on average.