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Countries involved in the Belt and Road Initiative established 1,050 new enterprises in China in the first four months, a growth of 23.5 percent, and the trade volume between China and these economies exceeded trillion in the past six years.

Containment will not itself solve our problems with Iran," and only a diplomatic approach can," he said.

Cook said China is already "incredibly innovative" in the software industry and so many applications and ideas can only be created here. China also has a large pool of computer science professionals with skills that are very rare to find anywhere.

Considerable differences between major economies can be seen, such as upward revisions in China, the United States and Europe, but weaker-than-expected outcomes in India, Mexico and South Africa.

Considering that the Ministry of Finance will offer a 50-percent discount, the one-year interest rate on those loans will work out to less than 1.6 percent.