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"China's proposal to explore third-party market cooperation can also generate handsome financial returns for companies from areas such as services, project contracting, equipment and material supply in both developed and developing economies involved in the BRI, without causing a clash of interests," he said.

"China's door of opening-up will not be closed and will only open even wider," Xi said at the opening ceremony of the annual Boao Forum for Asia in Hainan province in April.

"China's steel demand may remain relatively stable in 2018," said Wang Guoqing, research director at the Lange Steel Information Research Center. "Real estate controls and environmental protection measures have weakened steel demand, despite higher demand due to infrastructure investment and mechanical products associated with the Belt and Road Initiative."

"Consciously or subconsciously, there is often the American approach, which is either my way or the highway, that you want to do what I say or goodbye," said Rudd. "My counsel to my American friends would be: When you're dealing with a smaller country like Australia, or a large country like China, it is deeply important to exhibit not just courtesy and respect but an understanding of why other countries think the way they think without just assuming that they are wrong."

"Compared with the policies allowing foreign banks to set up branches in China, in addition to wholly owned subsidiaries and joint-venture banks, or remove caps on foreign ownership in Chinese financial institutions, we pay higher attention to the policies that expand the business scope of foreign banks," he said.