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"By liquidizing remnant assets, these companies reduced around 20 percent of financing through traditional approaches and saved a total of 500 million yuan in interest (payments)," Zhang said.

"China is still a developing country. Its development needs World Bank support, and the Bank's development also needs China's contribution," the Ministry of Finance said on Tuesday.

"China is the leader in AI and smart technology. It is now a focus of the Chinese government for high-tech development and education," said Taylor.

"By 2020, the bank will enter its fifth year of operations, with 100 approved members and .5 billion in investments for 45 projects in 18 countries," said Alexander.

"China and Equatorial Guinea have enjoyed a friendship for many years marked by fruitful bilateral cooperation in various fields," said the special envoy.