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China's decision in 2017 to further open up its financial sector to foreign investors and to slash tariffs on the imports of a wide range of consumer goods; its holding of the Belt and Road Forum for International Cooperation in Beijing last May; its push for bilateral and multilateral free trade arrangements; and its support for global agreements and organizations such as the Paris climate accord and the United Nations are proof of Xi's pledges at Davos.

China's non-financial outbound direct investment (ODI) to countries involved in the Belt and Road Initiative totaled .4 billion last year, 12 percent of the total ODI, up from 8.5 percent in 2016.

China's cross-border trade with Africa is expected to see rapid growth, thanks to an e-commerce platform launched on Wednesday that will further bolster commercial ties and cooperation between the two sides.

China's industrial enterprises registered their highest profit growth in six years in 2017, due to overcapacity cuts and cost reduction efforts, and analysts said the trend of steady industrial profit growth may continue this year.

China's commercial bullet train will be able to go even faster if the vibration noise it generates is brought under control, a member of the Chinese Academy of Engineering said.