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At the moment, China's large passenger aircraft have a long way to go before they can truly compete with Boeing and Airbus on the international market, much less present a genuine threat to either manufacturer. Over a considerably long timeframe, the C919 is planned to mainly be used in China's domestic market, helping to meet its demand.

Africa is also expected to benefit considerably from China's pledged resources in the coming years. Other benefits are China's supported financing of anti-poverty and improved health care projects, he added.

"China's reform has always paralleled with the opening up [...] We welcome foreign firms to come to China and participate in corporate reorganization and will further lower the threshold of services to foster new growth engines," Li said.

Li urged both sides to stay committed to a fair and free global trading and investment system, expand two-way opening-up, share with each other development opportunities and jointly face up challenges under the current international political and economic situation.