Xi made the remarks when meeting with reporters at the end of the two-day Belt and Road Forum for International Cooperation in Beijing.
But Lam said problems would only start to emerge in the coming years, giving Xi time to use the Silk Road plan to burnish his credentials as a global statesman at home and overseas.
"However, China does not do as it wants", it said, explaining India's decision to skip the BRF, a summit organised to showcase President Xi Jinping's Belt and Road Initiative that aims to link Asia, African and Europe through infrastructure and transport networks.
"The Belt and Road Initiative is not set by ideology. Instead we will create a new model of co-operation and mutual benefit".
"We are facing an global terrorism network".
Hu Shisheng, Director of the Institute of South and Southeast Asian and Oceanian Studies at the China Institutes of Contemporary International Relations, stressed that their common opposition to the growing anti-globalisation sentiment imparts fresh strategic cement to China-India ties on the global stage. Behind the smiles and handshakes however, there are tensions between the two powers.
For his part Xi said the BRI was not aimed at cutting across the initiatives of other countries.
The Bangladesh, China, India, Myanmar (BCIM) is one of the planned corridors of this project.
Xi insisted that the Chinese project was not meant to replace existing partnerships. He also pledged $8bn in aid to developing countries and worldwide organization along the belt and road for education and humanitarian work.
"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.
Indonesia signed three agreements with China, including a loan worth US$4.48 billion from the China Development Bank for the Jakarta-Bandung high-speed rail project.
India also boycotted the forum because of what it called "sovereignty issues".
The summit was attended by 29 heads of state and governments. She was accompanied by a significant representation of German big business. She said German companies, but not the government, had asked to take part. "It must also be clear what is actually going to be built".
CBI conducts raids at premises of P Chidambaram, Karti in TN
Reacting to the CBI raid, P Chidambaram had earlier in the day said that the government wanted to silence his voice. Chidambaram issued a statement, saying, "FIPB approval is granted in hundreds of cases".
The foreign ministry also cited concerns about the "unsustainable debt burden" China's partner countries along the route would have to bear. But at this point there was no clear timetable for dismantling restrictions.
The diplomat said some European nations taking part in the summit's trade panel chose to rebuff the text because they believe it does not sufficiently address European concerns surrounding transparency of public procurement, and social and environmental standards.
He said that all ongoing projects including motorways will bring revolution in the country. "For instance, New Delhi hopes Beijing will support the UN Security Council blacklist on the leader of the Army of Mohammed (JeM) a Pakistan-based military group, and support India's bid to join the Nuclear Suppliers Group", the state-run nationalistic tabloid Global Times said on Monday.
Some experts say China may be trying to increase its worldwide influence too quickly.
She said that while the United Kingdom was talking about Brexit, Asia was talking about business.
This is, we agree, a noble vision that deserves global support. Banks and investors from the US, Middle East and Asia are all within easy walking distance, and that is the ecosystem that is London.
Britain, France and Germany were represented by finance or trade officials.
A list of more than 270 outcomes was formulated, Xi said, expressing confidence in the prospect of the Belt and Road Initiative.
These views were reflected in an opinion piece published on Fox News by John Moody in the forum headlined "China's silky threat to American leadership". "If you have peace, progress and prosperity or make efforts towards that, you will find the world to be a better and safer place", he added.
Apart from the potential for global conflicts set off by the project, the Xi regime confronts problems in the Chinese economy itself.
Some Chinese bankers are anxious about the risks of investing, such as the feasibility of some projects and political instability.
Beijing is seeking to cement its trade relations in Asia, Africa and Europe through the summit, but some fear that these new Silk Roads serve the interests of Chinese exporters above all.
The latest figures indicate that trade between the two had reached US$220 billion in 2014 while China's direct investment in Africa topped US$30 billion in the same year.
Comments