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"China is ready to expand bilateral exchanges and cooperation in the areas of trade, investment, production capacity and education within the BRI framework to help PNG achieve sustainable development and realize common development in this region," Xue told Xinhua in a recent interview.

"China has numerous patients suffering from chronic diseases and mental illness, and is becoming an aging society. In addition, the public have more spare time and increased salaries," he said, adding that "this is a great transformation opportunity for China."

"China needs to always stick to and respect the principle of multilateralism, and further reform and opening-up. This is very fundamental," Chang said. He also urged companies to enhance their research and development capabilities to survive in this very complicated "economic war".

"China can establish land transport lines linking the Mediterranean Sea to Cape Town, which can connect the whole African continent across Sudan," he said, noting China's world-class railway construction expertise could be of big help in this regard.

"China knows this. That's why they joined the WTO (World Trade Organization) back in 2001, and they have been cutting their tariffs ever since," he said.