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"Isn't that a trend of militarization?" he said. "We should stay on high alert against it."

The Belt and Road initiative was proposed by China in 2013 as a trade and infrastructure network. It will connect Asia to Europe and Africa through the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

In pursuing the road of peace and development, China and Africa should be reliable and sincere friends forever, and their concerted efforts will help build a new type of international relations with cooperation and win-win situation at the core, Xi said.

The South has become a major impetus for global growth and South-South cooperation has become a major supplement to international development cooperation, Xi stressed at the meeting.

Themed "Building Inclusive Economies, Building a Better World," this year's APEC meeting will focus on such specific subjects as regional economic integration, small and medium-sized enterprises, human capital development and sustainable growth.