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"China is making a very sensible bet here on AI. It is very well placed to take advantage of the coming AI revolution. It has a lot of data, it has lots of big tech companies which are well positioned to develop," Walsh said.

"China is now transitioning from the high-speed growth pattern to a stage of high quality development, paying more attention to creating jobs, increasing people's incomes and protecting the ecology and the environment, "Ning told media on Wednesday at a State Council Information Office news conference in Beijing.

"China has pumped capital in the developing and Arab countries and has opened its markets for the products of these countries," Gaballa said, adding the Belt and Road Initiative signals the seriousness of China for cooperation in trade, industry and investment.

"China is still in an important period of strategic opportunity for development and has ample resilience, enormous potential and great creativity to unleash," said the Government Work Report delivered by Premier Li Keqiang last Tuesday during the opening of the second session of the 13th National People's Congress, the national legislature.

"China has signed 103 cooperation documents with 88 countries and international organizations on jointly constructing the Belt and Road Initiative during the past year. 255 of the agreements reached during last year's forum are under progress with 24 of them progressing steadily," said Meng.