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Proposed by Xi in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes. It comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which is originally composed of one route spanning westward from China to Europe, and the other extending from the country's eastern coastline down to the Indian Ocean.

The Belt and Road Initiative, proposed by Xi in 2013, is a shining example of China's solutions to global issues with a vision for a better world.

As of October 2017, nearly 18,000 firms were registered in the SFTZ, double the number in the four previous bonded zones when they merged in September 2013. In the first three quarters 2017, foreign trade in the zone rose 16.2 percent year on year to 150 billion U.S. dollars.

Observers say that the Belt and Road Initiative is this concept in practice. The initiative has become a huge cooperation platform for countries to achieve common development.

"Reclamation projects that have been approved but have not started and do not comply with the current policy will all be stopped," Lin said, adding that the administration would also stop giving annual land reclamation quota to provinces.