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The AIIB was proposed by President Xi Jinping in October 2013. Two years later, the bank was formally established as the Articles of Agreement took effect on Dec. 25 last year.

The two sides, Wang added, should continue to maintain high-level exchanges, enrich the strategic connotation of bilateral cooperation, and promote cooperation within the framework of China's "Belt and Road" initiative as well as exchanges in areas such as industrial innovation.

Chen's view was shared by other legislators including Liao Xiaojun, who warned incompetence in handling local government debt would lead to systemic risks.

According to Pang, the two heads of states, during the visit, are expected to exchange views on bilateral relations, as well as major global and regional issues.

China and Saudi Arabia also affirmed their stance on support for the unity, independence and sovereignty of Yemen, while calling on all social, religious and political sects in the country to maintain their national solidarity.