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"But today the tables are turned. The best domestic banks in China actually have better capabilities and more skills than the international banks in their consumer banking units here in China. So we are going back and learning from the domestic banks about how they evolve their business models here, how they partner with some of the most advanced fintech companies in China, and how they are redesigning customer experiences and customer journeys through their mobile and online platforms," he said.

"China is one of the great partners of Africa in achieving rapid economic development on the continent," he said in Kigali, capital city of Rwanda.

"But this does not mean we will close our doors. It does not mean we will have a closed internal loop. Actually, we will open up even wider in the process," he said. "We will open our door even wider because our real aim is to give full play to the potential of the domestic market, to make the domestic market function more effectively and much better, so that the two cycles could really reinforce each other."

"China is increasingly influencing world GDP, more as it gets bigger. Hopefully this will continue," O'Neill said.

"Chief among them are political and social instability, closed borders limiting the movement of people and capital, an unfavorable business environment, difficulties in accessing credit by small and medium-sized businesses, disruptive technologies, harsh weather and lack of infrastructure," says Robert Kagiri, a lecturer at the Institute of Diplomacy and International Studies at the University of Nairobi in Kenya.