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Last, the Belt and Road will be a fantastic example for the world community to encourage new initiatives in different regions, for example, for Europe in dealing with Africa, he said.

Though China posted its slowest annual growth in a quarter of century last year, policy makers have refrained from taking any radical stimulus moves. Instead, they have resorted to supply-side reforms to optimize the economic structure, prune industrial overcapacity, slash costs, and boost efficiency.

XI'AN, Sept. 6 (Xinhua) -- Business leaders from "Belt and Road" countries and international organizations gathered in northwest Chinese city of Xi'an Tuesday to deepen both understanding and cooperation.

They will also enhance international tax cooperation, and join efforts of anti-corruption to deprive all corrupt persons of any safe haven in G20 countries and beyond, he said.

-- China invested a total of 51.1 billion U.S. dollars in Belt and Road countries from autumn 2013 to July 2016, accounting for 12 percent of the total outbound direct investment. Chinese enterprises established 52 economic cooperation zones in such countries, paying 900 million dollars in tax and creating nearly 70,000 local jobs.