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Charles Lin, managing director of Vanguard's China unit, said the firm believes that China's retail investment market will be a significant growth driver, given the fast-growing demand for retirement plans and pension funds.

Central and western provinces have identified more than 76,000 such products, whose sales have reached more than 100 billion yuan, according to the anti-poverty office.

Cavince Adhere, a Kenya-based scholar on China-Africa relationship, said there is no doubt that China has emerged as a major development partner for Africa. Contrary to the recently launched US-Africa Policy, President Xi struck a more collaborative and persuasive tone in its international engagements.

Changan is not limiting its cooperation to just other carmakers. It has signed a deal with a Tencent's subsidiary to build a 200 million yuan joint venture.

Chala says the light rail has brought convenience to his work and life. "I am lucky to have this modern transportation today," he said. "I am very proud and lucky."