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China announced plans to create Xiongan New Area in April as part the integration of the Beijing-Tianjin-Hebei region. It is designed to ameliorate urban ills such as traffic congestion and air pollution.

China accounts for less than 3 percent of overall EU foreign direct investment, whereas Chinese investments in Europe are rising, but from an even lower base. The EU currently has a trade deficit with China.

China also assists other developing countries in boosting peacekeeping capacity, he said.

China Tower got listed earlier this month to raise money for future growth. It is also expanding into new business areas by partnering with Alibaba Group Holding Ltd, State Grip Cop of China and other companies. Such cooperation is based on the fact that telecom towers can be shared by different industries because they have access to both wired and mobile networks and are linked to a steady power supply.

China and Kenya have reached consensus in a number of key areas, and many of those have begun to be implemented, Xi said, adding that the Kenya relationship is playing a leading role in China's cooperation with Africa.