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"Diversified regional cooperation has not only led to economic prosperity and sustainable development, but also has significantly contributed to regional solidarity and stability," said Zhang Wei, vice-president of Beijing-based Chinese Academy of International Trade and Economic Cooperation.

"Despite the uncertainties that affect China's economic growth, supportive policies including tax cuts, State-owned enterprise reform and policies bolstering the private sector will provide long-term momentum for the economy, and we expect GDP as well as power consumption this year will continuously retain medium-to-high speed growth," he said.

"Expanding domestic demand is essential to maintain a steady trend of the Chinese economy," said Mao Shengyong, an NBS spokesperson. "We need to increase the intensity of policies from all aspects to release the consumption potential."

"Even if we don't have a second child now, buying a big SUV is the long-term plan," said Lin Li, a 26-year-old college graduate in Beijing.

"Different standards being applied in different BRI recipient countries create huge risks for companies seeking investments, as it could lead to further funds being denied during the project's life cycle," the report said.