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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.

Wang, on a visit to Angola, made the comment while holding a joint press conference with his Angolan counterpart Manuel Domingos Augusto.

One year ago, in two keynote speeches in Switzerland, Xi laid out his vision for a shared future that would see the international community work together to address numerous challenges facing mankind, demonstrating his efforts to search for an answer to such big questions as to where mankind is heading.

Socialism with Chinese characteristics does not drop from the sky, but comes out of 40 years of reform and opening up and the practice of exploration since the establishment of the People's Republic of China nearly 70 years ago, Xi said.

Besides setting up funds, the CDB also pledged more financing support to Guangxi through tools including loans and securities. The Export-Import Bank of China recently established a branch in Guangxi to help with local industrial upgrades and B&R related projects.