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As a strategic framework of the cooperation between China and the Arab world, the "Belt and Road" initiative refers to the "Silk Road Economic Belt" and "21st Century Maritime Silk Road," infrastructure and trade networks put forward by Chinese President Xi Jinping in 2013.

The roles of the market and government should be put into better play to balance the reforms, he added.

According to him, one third of Autoboty's human resources are put into R&D efforts. The company is also cooperating with local universities and institutes in developing new technologies and products.

"Engagement, I think, is the key to the U.S.-China relationship as is to keep prosperity and stability around the world," he said, adding that the Wharton School is certainly trying to play a part in that.

Uzbekistan is ready to work with China to further promote the two countries' strategic partnership, strengthen all-round mutually beneficial cooperation, and advance the SCO's new development, he said.