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"Hainan will draw lessons from successful international experience to develop its horse racing industry, providing visitors more entertainment options and enriching the content of the Hainan free trade zone and port," the official said.

"Globalization is a good thing for the world and good for billions of people," he said. "What you do in globalization is you are specializing skilled people and then we trade, exchange and manufacture."

"Free trade will be good for the Asian region supply chain, which is already tightly integrated," said Ben Simpfendorfer, an economist and CEO at Silk Road Associates in Hong Kong. "Free trade will initially benefit established countries, like Singapore, Malaysia and Vietnam. The frontier markets like Myanmar might still have challenges."

"Given that, China is willing to work with all parties to boost confidence in world economy and multilateral cooperation and also hopes that Japan, as the chair country of the summit, to play its due role in this front, specifically in promoting multilateralism, safeguarding the multilateral trading system with the World Trade Organization as its core and in building an open world economy," Kong added.

"For many years, European banks were very active in Turkey. Now we see banks from China joining in as they see big value and potential for banking in Turkey," Aydogan said on the sidelines of a roundtable meeting of bankers at the Belt and Road Forum for International Cooperation in Beijing