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"By setting up manufacturing bases in Africa, Chinese companies are assured of a cheap, adequate labor force, access to raw materials and a big market," he says.

"China has managed to dramatically cut poverty levels in a short period of time than any other country in the world in human history," the former president of the African Development Bank said on the sidelines of the annual Ibrahim Governance Weekend.

"China and Turkmenistan are both ancient countries with rich cultures and histories, and their traveling resources complement each other," said Feng Litao, deputy director of the promotion and international cooperation department at the China National Tourism Administration.

"China is such a significant economic player, and the Belt and Road Initiative could be globally transformational," Lehr said.

"China has benefited greatly from opening-up in the past 40 years. We therefore will keep opening up," said Xie.