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"China's importance in South Asia has long been felt since decision was taken to bring in China as an observer of South Asia Association for Regional Cooperation," said Mayor of Kathmandu Metropolitan City Vidya Sundar Shakya.

"Chinese companies will play an important role in the upgrading of Sri Lanka's manufacturing sector," said Shrima Jean, senior vice president of Sri Lankan chamber of commerce and EC member of South Asian Association for Regional Cooperation Chamber of Commerce and Industry.

"Covering Asia, Latin America, Africa and Europe, the Belt and Road Initiative is expected to help lift 7.6 million people out of extreme poverty and 32 million out of moderate poverty."

"China's philosophies in terms of development are quite impressive and have relevance not only for the Chinese people, but for the welfare of the global community," Isakov said.

"China was going very fast, and the emphasis was on the rate of growth. In the new era, China will grow more slowly, but the emphasis would be on the quality of growth," Thornton said, adding that this is a good sign of economic maturity.