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"Countries involved in the Belt and Road Initiative are intensifying their infrastructure building and require large amounts of steel products, which can be met by Chinese steel producers," said Wang Guoqing, research director at the Lange Steel Information Research Center.

"Chinese people have built mega-projects benefiting all over the world, more precisely on our African continent," he insisted.

"Countries like Australia, for example, could gain from developing financial services and education for the region. Without India you could see the Philippines gain with its business process outsourcing. Countries like Vietnam, Thailand and Indonesia could see gains in manufacturing."

"Chinese investments in Ireland have been keeping increasing over the past few years," said He in the interview, which was posted on the website of the Chinese embassy in Ireland on Saturday, adding that "the trend is keeping going on."

"China should maintain equilibrium among the indicators of growth, employment, prices and the international balance of payments. Industrial modernization should be promoted with intelligent production and core technology.