For sheer grandeur and size, the only thing comparable to China's trade initiative, which takes its inspiration from the ancient Silk Road trading route, is probably the quadrennial Olympics, and the also quadrennial World Cup.
"We need to improve policy coordination and reject beggar-thy-neighbor practices", Xi told the 29 national leaders attending the forum.
In his opening remarks, Jinping said: "All countries should respect each other's sovereignty, dignity and territorial integrity, each other's development paths and social systems, and each other's core interests and major concerns".
Taking its protest over the China's controversial China-Pakistan Economic Corridor (CPEC) that is traversing through Pakistan-occupied Kashmir (PoK), India on 14 May 2017 boycotted China's high-profile Belt and Road (B&R) Forum.
"We know more than 130 countries attended the forum".
"So, China always holds the open and inclusive attitude and we want to see the participation of more parties and to bring more impetus to the region and to the world and prosperity to development to more and more countries", she said. "Economic globalisation is encountering some headwinds".
The event was attended by leading figures from the United Nations, the International Monetary Fund (IMF) and the World Trade Organisation (WTO) as well as world leaders including Russian president Vladimir Putin.
"The Belt and Road project, reaching Rwanda and beyond, will be a leap forward in process of integrating Africa not only facilitating integration of the continent's economy into the global one but also enhancing political integration", Kayonga said.
The strategy includes two key areas of development such as economic belt of the Silk Road and the Sea Silk Road.
The initiative has "entered a new era as it is in full swing", with 68 nations and worldwide organizations signing cooperation agreements with the host, Xi said. The country's minister of economic affairs and energy, Brigitte Zypries, called for greater transparency in tenders, adherence to global standards, and the creation of a level playing field for all companies and countries involved, after expressing concerns that the tenders could all be snapped up by Chinese firms.
"India also cited the potential debt burden as one of its other concerns, saying that, 'Connectivity initiatives must follow the principles of financial responsibility to avoid projects that would create an unsustainable debt burden for communities'". The $46 billion corridor passes through Gilgit-Baltistan in Pakistan-administered Kashmir that New Delhi claims as its own.
"Unprofitable investments are not good for anybody", said Andras Vertes, chairman of GKI Economic Research. While officials from the United States and North Korea also joined the global forum.
Putin and other leaders praised Xi's project.
Xi did not mention the North during his speech, but it was discussed at a meeting with Putin.