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Experts believe that multilateral diplomacy with a democratic nature coincides with China's commitment to the democratization of international relations.

He hoped the Hong Kong SAR government and the science sector will seize the opportunities and carry out cooperation between the government, manufacturers, academic organizations and research bodies, and step up efforts in cooperating with the mainland as well as cultivating and introducing innovative talents, so that innovative science and technology can serve as a new engine for Hong Kong's economic development.

These people-to-people exchanges between the two countries will add up and contribute to better China-U.S. relations, which will benefit China, the United States and the world, he noted.

China's GDP grew 6.7 percent in Q1, slowing slightly from 6.9 percent in the preceding quarter, but still in line with the official 2016 target range of between 6.5 percent and 7 percent. In the first three months, indicators have shown the economy running more or less within that range. Urban job creation and growth of household incomes met their targets, while house prices and sales are picking up, at least in the biggest cities.

Wang also highlighted the key points in building the initiative, including making full use of the complementarities in productivity and resources, grasping cooperative opportunities in industrialization and culture exchanges and refreshing the China-Arab historical friendship.