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The Belt and Road Initiative not only provides business opportunities to foreign companies, but also drives Chinese companies to search for deals in these countries.

The Belt and Road Initiative is a grand plan proposed by China in 2013 to connect Asia with Europe and Africa along - and beyond - ancient trade routes by building a trade and infrastructure network.

The Belt and Road Initiative, also known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

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The Belt and Road Initiative was proposed by China in 2013 as a trade and infrastructure network connecting Asia with Europe and Africa and beyond, along the ancient trade routes.

The BRICS countries should unswervingly stick to the principle of multilateralism in addressing conflicts and disputes, strive to achieve peace and cooperation, and make full use of multilateral mechanisms such as the United Nations to discuss international rules, he said.

The CPC Central Committee envisions a lean and effective grassroots governance system.

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The BRI has been attracting an increasing number of participants since its inception because it was founded on the principle of achieving shared growth through collaboration, he said.

The CBIRC said the limit on foreign ownership of life insurance companies has been completely lifted on the first day of this year.

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The CPC has kept regular contacts with more than 400 political parties and organizations in about 160 countries and regions.

The Belt and Road Initiative proposed by Xi Jinping, general secretary of the CPC Central Committee, and the Asian Infrastructure Investment Bank have boosted regional and global economic and trade interconnectivity, contributing much to regional and global peace, stability and prosperity.