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"China is going to eat our lunch? Come on, man! I mean, you know, they're not bad folks, folks. But guess what? They're not competition for us," he said.

"China is now a big continental economy, and even within China itself the stimulation of domestic consumption and the continual upgrading of many aspects－infrastructure, environment, as well as better provision of healthcare, housing, education－all these will be major drivers of growth for China in the years ahead," he told Xinhua News Agency.

"Cash flow problems are forcing some SMEs in property to sell off some of their projects, or offload equity stakes, and sometimes sell out totally."

"China has been consolidating debt management and has been very careful about conducting thorough analysis of every infrastructure project that involves loans from China," he said.

"China has a good policy of noninterference in the internal affairs of nations. China plays a positive role in South Sudan through its peacekeepers, which have been constructing bridges and schools in addition to their normal peacekeeping roles," Morgan told Xinhua in an interview.