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The Belt and Road Initiative, proposed by President Xi in 2013, is aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.
Neighborhood is a starting point of China's Belt and Road Initiative and vision of a community of common destiny, Xi said in his speech delivered at National University of Singapore.
The AUC official said the willingness by China to invest in new financial institutions would benefit African countries. She said African countries would also benefit from rapid infrastructure development by grasping opportunities created by the new Chinese investments in a new global financial system.
The RCEP is a free trade pact involving the 10-member ASEAN and six other countries, including China.
The leaders' meetings, including the 18th leaders' meeting between China and the ASEAN; the 18th ASEAN-China, Japan and Republic of Korea leaders' meeting; and the 10th East Asia Summit, should concentrate on promoting growth and development amid the economic slowdown, Vice Foreign Minister Liu Zhenmin told a press conference.
