"Kazakhstan has benefited from China's Belt and Road initiative and China's plan to build large power plants and steel plants in the country," said Machkevitch Alexander Antonovich, chair of the Board of Managers of Eurasian Resources Group.

Li said that the two nations have reached initial agreements to cooperate on more than 50 projects. The two countries should aim for win-win cooperation. The equipment China transfers to Kazakhstan will be advanced and environmentally-friendly.

John Micklethwait, Bloomberg's editor in chief, talked about the Asian Infrastructure Investment Bank (AIIB).

Premier Li said the AIIB was founded in accordance with the international common practice and it runs parallel with institutions like the Asian Development Bank, not a rival to the current international financial system.

"Committed to upholding world peace and global free trade system, China has become an important force in safeguarding world peace and supporting global economic recovery," Li added.