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While addressing the opening ceremony of the 12th China-ASEAN Expo in the southern Chinese city Nanning, Zhang said China is a leading manufacturing country, which boasts advantages in production capacity including equipment, technology, construction, capital and managerial experience.

There is no basis for long-term depreciation of the RMB, Li added.

During a week-long visit to China in June, Singaporean President Tony Tan discussed the possible new project with Chinese leaders and was told by his Chinese counterpart Xi Jinping that China hoped that it will become "an exemplary one" in China's " Belt and Road" initiative.

"What has happened proves that China-US friendship transcends time and space."

Moete described China as "a great partner" in Africa's development, particularly in the health field since Chinese medical assistance to Africa has sustained long periods.