The consensus was reached by Chinese Premier Li Keqiang and visiting Bangladeshi Prime Minister Sheikh Hasina, who is on an official visit to China.

"If an agreement could be reached, it should be balanced, equal and mutually beneficial, and China's core concerns must be properly addressed," Gao said.

More than 60 domestic and overseas carriers including China Southern Airlines, China Eastern Airlines and Beijing Capital Airlines plan to operate out of Beijing Daxing International Airport.

Frederic Pierucci, former executive of French rail transport company Alstom, detailed a similar story in his book The American Trap.

China's governance is a remarkably effective form of governance, which will provide experience for the future development of other nations.

A recent report showed that the average monthly salary in 37 major Chinese cities rose to 8,452 yuan (about $1,230).

Small- and medium-sized enterprises (SMEs), which account for 99 percent of Chinese companies, hold 65 percent of innovation patents and 75 percent of enterprise innovations.