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"Globalization and the BRI are strong forces linking people and economies through cross-border solutions and supporting the prosperity of communities across the globe," said Hoermann, stressing that improvements in infrastructure, transportation, healthcare, and digital manufacturing will not only bolster the world economy but bring new opportunities for partnerships between domestic and global companies.

"Global trade tensions are escalating, which has weakened external demand and given export-intensive small businesses a shock. The output and order volumes of some export companies have been affected and they face future uncertainties," said the white paper.

"For developing countries, digital fiat currency can be used to boost financial inclusion and solve the problems for regulatory compliance; for the developed countries, it can help reduce financial risks and make the financial system more resistant and transparent," Wen told chinadaily.com.cn on the sidelines of the workshop.

"Having a foreign country run the railway is a 'pathway' to injecting professionalism from an experienced player and in the long run facilitating knowledge (skills) transfer to the local people," he said.

"Fitch was the first international rating agency to set up an office in the country in Beijing in 1997, and we are among the first to position ourselves for the onshore rating business - having divested our Chinese joint venture earlier this year," added Li.