Source: Xinhua    Published: 2015-10-22

Visiting Chinese President Xi Jinping said Wednesday that the China-proposed "Belt and Road" Initiative is an open, diversified and win-win project poised to bring huge opportunities for the development of China and many other countries.

The "Belt and Road" Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which were proposed by Xi in 2013 with the aim of reviving the ancient trade routes. The network passes through more than 60 countries and regions with a total population of 4.4 billion.

The initiative not only covers the countries alongside the ancient roads, but also links the Asia-Pacific, European, African and Eurasian economic circles, Xi said at the closing ceremony of a China-Britain business summit.