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The two sides should work together to elevate their economic and trade cooperation to a new level, and expand cooperation on cultural Silk Road, in a bid to bring greater benefits to the two peoples, jointly respond to the challenges facing the world today, and lift the bilateral ties to a new height, he added.

He said the forum would voice the firm support for multilateralism and an open world economy, enrich the principles of cooperation of the Belt and Road Initiative, build a network of partnership, and establish more mechanisms for high-quality development.

Zitto Kabwe, an economics analyst in Tanzania, said between 2000 and 2016, Africa owed China 115 billion U.S. dollars which were only 2 percent of loans that Africa owed other foreign countries.

Rules concerning five major phases of decision-making, namely public participation, feasibility assessment by experts, risk evaluation, study of legitimacy and discussion of the whole administrative body, were stipulated in the regulation.

Juncker said he is looking forward to seeing positive results at the upcoming EU-China leaders' meeting.