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"China has been deliberately accused by certain foreign media of practising neo-colonialism in some countries, exploiting energy resources and other minerals and supporting authoritarian regimes," said He Jingtong, a business professor at Nankai University in Tianjin.

"China is undergoing consumption upgrade, and consumption has become the major driving force for economic growth, contributing to 57.8 percent of the economic growth last year," he said.

"Cambodia has benefited a lot from its cooperation with China," he said. "And with the further implementation of the Belt and Road Initiative and 21st Century Maritime Silk Road, we can make a bigger difference in the future."

"By the end of 2017, all central SOEs, except financial and cultural ones, will be registered as limited liability companies or joint-equity corporations in accordance with the Company Law, which will accelerate the establishment of an effective and balanced corporate governance structure, based on their legal person status, as well as a flexible and efficient marketized management mechanism," the plan said.

"China is so charming, and with continued reform and opening-up, I cannot even imagine what it will be like in another 40 years," he said. "I want to stay and be a part of it."