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Gojkovic is visiting China from Nov. 25 to Dec. 1.

China should improve investment and market environment, make bigger strides in opening up, reduce the cost of market functioning and create a stable, fair, transparent and predictable business environment. In this way the government can speed up the development of new institutions of the open economy and promote sustained and sound economic growth.

To this end, China's financing support for Africa has always gone through a strenuous process of feasibility study with a market-driven approach so that due economic and social effects could be achieved after fulfilling each one of the cooperative projects, he said.

As for the second phase, he said that his ministry is going to submit it for cabinet approval next year and will try to complete the railway in 2023 as well to connect it with the China-Laos railway in time.

"[We should] guide and stabilize expectations, improve people's lives and secure continuous and healthy socio-economic development," it said.