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"China will open its doors even wider to the world. Our country's new development pattern of 'dual circulation' is consistent with the higher-level opening-up. The pattern features domestic and international dual circulation, which complement each other and are inseparable. It is impossible to promote domestic circulation alone without pushing forward international circulation," said Wang.

"China's cooperation with Africa never interferes in the internal affairs of African countries and political conditions are never attached. Those are the principles we hold when dealing with Africa's debt problems. The label 'debt trap' cannot be handed to China," he said.

"China's trade in creative goods between 2002 and 2015 has been exponential, with average annual growth rates of 14 percent," the report said. "In 2002, China's trade in creative goods was billion. By 2014, this figure had increased more than fivefold, tallying 1.4 billion."

"Chinese producers have been going overseas to seek mining resources such as iron ore to ensure stable and low-cost supplies, as the nation sees its dependency rate on imported iron ore exceeding 80 percent," said Zhu.

"China was going very fast, and the emphasis was on the rate of growth. In the new era, China will grow more slowly, but the emphasis would be on the quality of growth," Thornton said, adding that this is a good sign of economic maturity.