Almost 30 world leaders took part in the global summit on China's Silk Road plan, a huge infrastructure project which Beijing hopes will revive ancient trade routes from Asia to Europe and Africa.
On the concluding day of the summit on Monday, Chinese President Xi Jinping said that a total of 68 countries and global organizations signed the One Belt and One Road (OBOR) cooperation agreements with China.
"President Xi's emphasis on digital economy and financial technology suggests huge potential to be unleashed under the Belt and Road Initiative, and is an orchestra baton to fintech firms that want to expand overseas", said ShengJia, chief executive officer of NCF Group, a payment platform for internet finance.
"We see much merit in the Belt and Road Initiative, we see opportunities for collaboration, but we take decisions about initiatives in Australia on the basis of what is Australia's national interest".
A number of leaders including Russian President Vladimir Putin and Turkish counterpart Recep Tayyip Erdogan applauded the initiative, which Xi unveiled in 2013 and hailed as "a project of the century".
The foreign minister added that Nepal wishes to receive more investments from China to develop inter-connectivity and infrastructure projects within the framework of the Belt and Road Initiative.
India is incensed that one of the key Belt and Road projects passes through Kashmir and Pakistan.
"We need to seek win-win results through greater openness and cooperation, avoid fragmentation, refrain from setting inhibitive thresholds for cooperation or pursuing exclusive arrangements and reject protectionism", he said.
Meanwhile, China will also sign dozens of trade deals during the summit, and start free-trade negotiations with many countries who have signed up to the initiative.
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The group's agreements aren't legally binding; instead, they represent the leaders' political commitment to follow through. The G-7 countries have called for taking steps to make the global economy work for everyone.
"He further said that it has no geographical boundaries" and it must not be politicised.
"Trade is the important engine of economic development", Xi said. However, China maintains the project is only for reaping economic benefits.
Xi said the new Silk Road would be open to all, including Africa and the Americas, which are not situated on the traditional Silk Road.
Attended by leaders of 29 countries, China's Belt and Road forum ended on Monday with President Xi Jinping announcing the next summit for 2019.
Xi said that it is time to encourage "fair, reasonable and transparent global trade and investment rules".
Chinese leadership hosted One Belt One Road (OBOR) Forum in Beijing, which received overwhelming response not only from countries of the region but also from across the globe.
The draft also reaffirmed China and the participating countries' commitment to open economy and inclusive trade, and said the Belt and Road countries were opposed to all forms of protectionism.
But governments have expressed concern Beijing might use "Belt and Road" to promote Chinese exports by encouraging its neighbors to adopt China's industrial standards for railways and other goods.