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Deeply aware that poor infrastructure is its short slab, African countries have long decided to prioritize infrastructure development to speed up its modernization drive.

The project, proposed in an agreement between the two countries reached in 2013, connects Kashgar in China's Xinjiang Uygur Autonomous Region to the southwestern Pakistani port of Gwadar.

The two sides will further promote high-level exchanges of visits, deepen pragmatic cooperation, build a new pattern of joint development and common prosperity, and strengthen people-to-people exchanges, said Hong.

They made the remarks while joining panel discussions with members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body.

Known for its vigorous private business and strong entrepreneurship tradition, Wenzhou is often at the frontline of trying bold economic reform policies. A pilot project of legalized private lending, in operation in Wenzhou, had not been endorsed by the State Council until a local credit crisis caused by underground lending in 2011 and a provincial regulation only came out after two years of the trial.