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China proposed the BRI in 2013, which consists of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. There is growing evidence, from companies and data, that the initiative has started bearing fruit.

China vowed on Tuesday to beef up cooperation on infrastructure construction, agriculture and tourism with Gambia, the West African nation that resumed diplomatic ties with Beijing last year.

China will build the industrial cooperation demonstration park within Kizad to boost practical cooperation within the framework of the Belt and Road Initiative.

China is working to further align domestic rules with international practices to facilitate foreign institutions' derivatives trading in the country's interbank bond market, the China Foreign Exchange Trade System said on Wednesday.

China may see an increasing number of mergers and acquisitions among small and medium-sized commercial banks, as the country ramps up efforts to mitigate financial risk while divergence in banks' asset quality and financial performance has intensified, experts said.