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Referring to a visit by King Abdullah II of Jordan to China in 2015, he said the number of Chinese tourists travelling to Jordan has since kept rising.

Speaking at the first Belt and Road Forum for International Cooperation earlier this month in Beijing, Russian President Vladimir Putin said his country has supported the initiative from the very beginning.

Echoing his words, Carol Liao, greater China president at Boston Consulting Group (BCG), believes the China is providing global companies with rare opportunities. "It has the world's largest consumer market only after the United States and tops the globe in many subdivided markets, including smart phones, bike-sharing and automobiles."

The Standing Committee also approved appointments in the Supreme People's Court and the Supreme People's Procuratorate.

The market is becoming increasingly sophisticated with growing demand for customized products and services, which means opportunities for business. Enterprises should work together to improve their technology, Li pointed out.