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"While fully acknowledging our achievements, we must see that China is at a pivotal stage of transforming its growth model, improving its economic structure, and fostering new drivers of growth," the statement said.

Qian Meijun, professor with the College of Business and Economics in the Australian National University, noted that China has made achievements in terms of its economic development and improvement in economic and financial systems.

He said he hoped that France will put into action its words of not adopting discriminatory policies against China.

Meanwhile, effective efforts should be made in work including having dialogue with all sectors of the society and improving people's livelihood, Xi said.

At the handover ceremony, Cheng Yongru, economic and commercial counselor at the Chinese embassy in Kuwait, said that the project is a model for cooperation between China's Belt and Road Initiative (BRI) and Kuwait Vision 2035.