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China has now cumulatively produced more scientists and engineers than the West, according to the report. Chinese universities and their degrees are comparable and possibly even better than the US in some areas, it said.

China has not set a GDP target, which could be good news for the world, said a signed article by Jin Keyu, a professor of economics at the London School of Economics and Political Science, which was posted on the Guardian website on June 1.

China has invested more than billion in the programs related to the initiative and has won the support of over 100 countries and international organizations－more than 40 have signed cooperation agreements with China.

China has entered into 106 bilateral tax treaties with different countries and regions, including 54 economies along the Belt and Road, an international cooperation initiative proposed by President Xi Jinping in 2013.

China has established bilateral cooperation mechanisms on service trade with 14 countries, endowing the country with a more diversified service trade market, said Wang.