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"But the Chinese should not underestimate the tendency toward prejudice and distrust based on the different political system and ideology, and they should prepare for that," Kato added.

"By integrating port facilities and services, the coastal ports in Shandong province will enhance connections with more 'waterless ports' in inland provinces along the Silk Road Economic Belt," said Huo Gaoyuan, the new group's first chairman, adding that the new group will provide services for hinterland areas involved in the Eurasian Continental Bridge.

"Certain areas in the European Union, in the United Kingdom and in the US, they have not been benefited and they feel they don't fit in globalization," he said.

"China and Japan are leading trading nations who benefit from free trade. There will be a bright future for Sino-Japanese cooperation in this front, especially when facing threats from higher trade barriers in some advanced economies," Long said.

"CITIC Group has encouraged its financial and non-financial units to join hands in advancing the Belt and Road Initiative. The business synergy could facilitate the sharing of overseas resources and channels between CITIC subsidiaries, and help lower various costs in developing our overseas business," Chang said in a recent interview.