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"I believe the visit will lend new impetus to the growth of bilateral relations," said Xi.

-- These four years have seen expanded financial connectivity. Financing bottleneck is a key challenge to realizing connectivity. China has engaged in multiple forms of financial cooperation with countries and organizations involved in the Belt and Road Initiative. The Asian Infrastructure Investment Bank has provided US.7 billion of loans for 9 projects in Belt and Road participating countries. The Silk Road Fund has made US billion of investment, and the 16+1 financial holding company between China and Central and Eastern European countries has been inaugurated. With distinctive focus, these new financial mechanisms and traditional multilateral financial institutions such as the World Bank complement each other. A multi-tiered Belt and Road financial cooperation network has taken an initial shape.

GUIYANG, May 19 (Xinhua) -- China and the Philippines Friday confirmed the establishment of a biannual bilateral consultation mechanism (BCM) on the South China Sea.

The president compared the practice of "one country, two systems" in Hong Kong over the past two decades to the growth of a seedling, which has become strong and robust despite wind and rain and yielded many fruits.