He also noted that Beijing has created a parallel system of financial institutions, such as Asia Infrastructure Investment Bank (AIIB) and BRICS Development Bank.
Having been trained by Chinese technicians, Khomich is confident about the move.
He added that the project will create about 2,500 new jobs in Italy in the next two and a half years, and ZTE will expand its "smart city" business and research facilities in the country.
He also went on to speak glowingly of former Foreign Secretary Boris Johnson, who resigned from May's cabinet earlier this week, saying he would make a "great prime minister .... I think he's got what it takes."
He also suggested that the authorities roll out tax breaks, funding support and other favorable policies to attract entrepreneurial young people back to the countryside to facilitate the task.
He added that China attaches great importance to debt sustainability in Africa and seeks mutually beneficial solutions through friendly consultations.
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He added that thanks to the development of smart chips, 5G, sensors, internet of things and other technologies, the amount of data generated by the interaction between the human world and the physical world will grow at an exponential rate.
He also left possibility open that a three-way summit with Kim and Moon "could happen also," but admitting that would largely depend on Chairman Kim.
Having collided with the students' car, the driver fled the scene, so they needed to locate him to claim the compensation.
He also travels widely within the Chinese mainland, but does not feel compelled to buy Chinese souvenirs. This is because most of them are made in Yiwu in Zhejiang province, and appear somewhat similar to each other, lacking distinctive features in terms of style, design and materials used. Worse, not all of them are authentic but shoddy, of low-end variety, he said.