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At the end of the third quarter of 2017, China's big four banks represented 22 percent of total assets booked in the Dubai International Financial Center (DIFC), which is home to 180 banks and 195 asset management companies from across the globe, according to a DIFC report.

At present, one third of participating countries of the Belt and Road Initiative are LDCs, LLDCs and SIDS, illustrating the importance these countries attach to the initiative. For a landlocked country such as Ethiopia the Road and Belt Initiative has already brought considerable benefits, the new electric railway connecting Ethiopia with Djibouti covers over 750 kilometers opening up the African continent to import and export services with plans to expand across Africa to the Atlantic Ocean.

At the same time, the new round of technological revolution and industrial transformation on the back of economic globalization have created new opportunities for global growth, yet they are also handicapped by a lack of inclusiveness, as reflected in the uneven distribution of opportunities and benefits and hard-hit traditional industries and jobs. Facing these risks and challenges, we in the international community must decide where we should go and how we should respond.

At the meantime, Hainan is also actively fostering industries, introducing projects and building industrial parks where the talents can display their abilities and realize their dreams, he said.

At the same time, they will maintain their strong trade and investment linkages with the rest of the world, they added.