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Commenting on criticisms of the motivations of Beijing with this initiative, the Ambassador said: "The logic of the BRI is not about seeking supremacy. In history, we had the ancient Silk Road, a symbol for openness and mutual learning. The BRI aims to revive that spirit...The BRI aims to offer a solution to global challenges and an open platform for global cooperation. It focuses on connectivity, and would hopefully give a boost to global growth."

Compared with the statement from last year, analysts have noticed the absence of "deleveraging" in the wording.

Companies in oil exploration, infrastructure and electronics manufacturing led R&D spending, while investment in emerging industries like computers, semiconductors and biomedicine accounted for a relatively larger proportion of revenue.

Communities, organizations and individuals working on issues ranging from digital inclusion, digital rights to security, governance also joined the online conversation during the webcast at the UN Headquarters.