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The synergy between China's Silk Road Economic Belt initiative and Russia's Eurasian Economic Union provides a new platform for China and Armenia to expand cooperation, he said, expressing the hope that both countries could lift regional economic cooperation to a higher level.

Song Tao, head of the International Department of the CPC Central Committee, held talks with the delegation, which was led by Ri Su Yong, a member of the Political Bureau of the Central Committee of the Workers' Party of Korea (WPK).

"Hundreds of Kenyan youth have been able to lift themselves from poverty after staying in China where they gained business skills," said Kimani.

An important reason the Chinese economy has maintained steady growth in the first half of the year is that reform, innovation, adjustment and transformation have all played an important role. Reform efforts to streamline administration, delegate power and improve government services have given a strong boost to mass entrepreneurship and innovation, and further unleashed development potential. Now every day in China, some 40,000 new market entities are being created, including over 13,000 new enterprises. Such increase is bigger than the previous two years and has given a strong boost to job creation. The leading role of consumption and services is becoming more visible. New areas of consumption such as information and communication, smart phones and new energy vehicles are rapidly expanding. The five "happiness industries" of tourism, culture, sports, health and old-age care are rapidly growing. The service sector has grown into the biggest industry in the national economy, both in terms of its output and the number of jobs it created. An innovation-driven economy is brimming with vitality. High-tech industries, high-end manufacturing, e-commerce and other new business forms are booming. Enterprises, sectors and regions that have made an early start in economic transformation and upgrading and that embrace faster growth of new industries have all taken on a sound momentum of growth. On the whole, the Chinese economy is better structured; its quality is improving and a stronger momentum is being gathered.

The project benefits from the stable international and regional environment and mutual trust accumulated in the past years between the two countries, Li said.