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"China imports a large amount of consumer products, so if the yuan depreciates, the country will have a problem of imported inflation, which means inflation due to higher prices for imports. Moreover, as many top Chinese companies have issued debts overseas, any yuan depreciation will trigger an increase in their debt levels," he said.

"But now Gambia has good relations with Beijing. So it will benefit from measures to help Africa raised at the Johannesburg summit," Liu said. Gambia now also will see increasing Chinese investment, he said.

"But the current trend shows there will certainly be more insurance funds to enter the market," he added.

"China is a world leader in Internet of Things equipment. Constructing a smart city like this would require a lot of such supplies that they can provide." The Internet of Things is the data exchange network that links different appliances, devices and systems infrastructure.

"China and Chinese people are Serbia's best friends," he added.