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As government investment concerns the relations between government and market, the government must "know what to do and what not to do with its investment" and "eliminate inefficiency, waste while avoiding scrambling for profit with the people," the statement explained.

"The Belt and Road Initiative aims to increase the economic prosperity of a country. It does not aim at expanding the political and geographical authority of China in the world," he said.

The new editions were translated and published by the China Foreign Languages Publishing Administration and the Foreign Languages Press.

Thanks to consistent hard work, more than 700 million Chinese people have been lifted out of poverty in the past four decades, with poverty rate in rural areas lowered from 97.5 percent in 1978 to 1.7 percent in 2018.

The BRI "is now growing up into a mature initiative that can have even more impact," Schwab told Xinhua.