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"China, our third largest trading partner, is crucial as we enter this new chapter," he said, citing the UK's bilateral trade with China reached 104.5 billion pounds (9.57 billion) in 2019, surpassing 100 billion pounds for the first time and growing more quickly than any other region.

"Cooperation under the BRI involves a broad range of areas, in which participating economies have various policies and standards," Qian said at the second Belt and Road Forum for International Cooperation on Thursday.

"Composed by new industry, new formats and new models, China's new economic driver is expanding, unleashing the vitality of the economy and supporting its high-quality development," said Lyu Haiqi, an official with the National Bureau of Statistics.

"China's full opening of the manufacturing industry is a clear indication of our opposition to trade and investment protectionism, and shows our clear support to widening and deepening the development of economic globalization," the National Development and Reform Commission said in the announcement on April 17.

"Confidence among entrepreneurs has improved and expectations for the Chinese economy remain stable and positive," said Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing.