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An old man surnamed Zhang poses with his wife at Peijiazhuang village in Jiaozuo city, Central China's Henan province, on March 29, 2017. The village, where all the buildings are of stones, is well-known for zero divorce rate in almost one hundred year. [Photo/VCG]

Analysts said lower tariff will encourage people to buy imported products at home instead of overseas, which boosts domestic consumption.

Analysts said perpetual bonds, by replenishing bank capital, will effectively relieve the financing difficulties of the real economy, prompting stronger financial support for private companies -- small ones in particular.

Andrew Cainey, from the London-based think tank Chatham House who specializes in Asia-Pacific, the global economy, and finance, said: "Success in Belt and Road Initiative projects require each party to understand the others well and to be aware of cultural differences and norms of doing business.With their international business reach, British professional services companies are well-placed to advise on this. Britain also has world-leading businesses in marketing, PR, and communications that help project the efforts of different parties."

And while UK mobile operators can continue to work with Huawei, the government has stipulated that in three years' time Huawei must operate within a market share cap of 35 percent.