In an interview, he said One Belt One Road (OBOR) vision of Chinese President Xi Jinping is a mega project aimed at developing a strong connectivity in the region.
China's trade with countries along the Belt and Road totaled at 20 trillion yuan ($2.89 trillion) from 2014 to 2016, said an official from China's Ministry of Commerce on Wednesday, days ahead of the upcoming Belt and Road Forum for International Cooperation.
India said it was still yet to take a decision on the invite for China.
"The forum will be held from May 14, 15 and we all are looking forward to it", he added.
The SCO Business Council is considering cooperation in such spheres as logistics and infrastructure projects, which would be interesting within the framework the Silk Road Economic Belt, Kanavsky noted.
The State of Kuwait and China expressed optimism that the "Belt and Road" initiative, announced in 2013, will help develop global economic growth.
The OBOR project aims to connect Asia, Europe, Middle East and Africa in terms of logistics and transportation via ports, railways, airports, electrical network and even fiber optic networks.
"It's China's idea but it belongs to the world", he said.
A man is pictured at the media center for the Belt and Road Forum at the National Convention Center in Beijing, May 12, 2017.
On May 14 and 15, the Chinese capital will host what is likely to be this year's most important worldwide summit, to discuss the world's most ambitious initiative. "So in a way, China feels entitled because now they're fairly rich", said Baviera.
But U.S. President Donald Trump withdrew the United States from the partnership in January, effectively killing the deal.
The project covers roughly 65 percent of the world's population, 75 percent of its energy resources, and 40 percent of its GDP, leading many experts to conclude that the OBOR is created to boost China's global influence, especially since all roads run through China. The rules are made by the West. Analysts in Nepal say the landlocked nation was under pressure from New Delhi to stay away from joining the initiative.
While the European Union has well-established institutions, rules and regulations, China tends to lead the Belt and Road initiative in a broadly loose manner without a clear structure.
"For China, the Philippines was one of the hardest nuts to crack..." "We are mostly talking about the North Korean crisis", the diplomat said.
Bairagi told the ceremony that the cooperation agreement is an important milestone in the Nepal-China relationship, bringing bilateral ties to a new height.
Nepal initially welcomed the OBOR, and was also involved in founding China's Asian Infrastructure Investment Bank (AIIB) in 2014. That's partly because of domestic situations but also reflects concerns that China may be exporting its own ideas of governance, while indebting poor countries. At the meeting, China's communist leaders stressed not only the important role culture plays in the development of national unity, creativity, and competitiveness, but also the need to enhance China's soft power overseas and its influence on global affairs.
The Chinese government has pledged that it will allocate $40 billion in the initial phase of the project.
Projects in the works include thousands of kilometers of highways in Pakistan, an worldwide airport in Nepal and a rail link between China and Laos.
If these deals push through, they will likely be branded as part of the BRI. For example, Afghanistan will send a minister-level delegation, but it's unclear how many people will be in it. Saudi Arabia will send its minister of energy and industry.
"I think that if we keep our minds on the benefits of peace and economic progress, and for as long as we are guided by the need for mutually beneficial relations, then I believe our relationship will continue to grow in a satisfactory and stable manner", he said.
More than 50 documents of cooperation for infrastructure projects are expected to be signed during the two-day forum, according to Chinese officials.