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Xi's speech is very sincere and outlines a bright future for China-CELAC cooperation, said Venezuelan political analyst Alberto Aranguibel.

The Belt and Road Initiatives were put forward by Chinese President Xi Jinping during his overseas visits in 2013, which includes the Silk Road Economic Belt -- from China via Central Asia and Russia to Europe, and the 21st Century Maritime Silk Road -- through the Strait of Malacca to India, the Middle East and East Africa.

The regulators will implement favorable monetary policies, such as differentiated required reserve, re-lending and rediscount to guide financial institutions to increase credit supply to south Xinjiang region, especially for agriculture and small firms.

Along the belt and road are many developing countries with a combined population of 4.4 billion and an annual economic output of 2.2 trillion U.S. dollars. Given complementary industrial structures, the economic belt has strong growth potentials, He said.

Kuang noted that his mission aims at further strengthening the relationship and cooperation between China and Africa.