The Belt and Road Initiative, put forward by Xi in 2013, is aimed at building a trade, investment and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes.
Professor Saeed Chaudhry, director of Islamabad Council for International Affairs, said that since the joint launch of the China-Pakistan Economic Corridor, infrastructure in Pakistan has been improved and tens of thousands of jobs created.
Chaudhry also expressed the belief that the Belt and Road Initiative will ensure that other countries and regions around the world reap the rewards.
A recent example is the joint construction of a long-awaited high-speed railway that will link Thailand, Laos and China, a flagship project that will bring "shared benefits" to all.
The first phase of the project, a 250-km high-speed railway line linking Bangkok to Nakhon Ratchasima to the northeast, is expected to be operational in 2021.
In Africa, the Chinese-constructed railway connecting Kenya's capital Nairobi and its eastern port city of Mombasa started operations last May. Having carried 600,000 passengers and reaching 95 percent capacity daily, the electrified railway -- entirely designed by China -- has greatly facilitated the travel of Kenyans living along the route.
There's a role to play for institutions too. The Asian Infrastructure Investment Bank (AIIB) has expanded its membership to 84 after recently taking in the Cook Islands, Vanuatu, Belarus and Ecuador, representing a vote of confidence in the bank by the international community.
Last year also witnessed widespread agreement among BRICS countries on taking new steps toward enhancing trade and investment, currency and financial ties and infrastructure among the bloc as the group ushered in its second golden decade of cooperation.
"China has worked closely with the members of BRICS to implement programs to bridge the gap between the developed and developing countries and reduce conflict and poverty," said Ikiara.
Amid worries over trade protectionism, China has vigorously propelled the Free Trade Area of the Asia-Pacific (FTAAP), a strategic initiative critical for the long-term prosperity of the Asia-Pacific region.
Being highly inclusive, the FTAAP could embrace economies at different levels of growth and fully accommodate their developmental needs.
SHARED FUTURE
At a time when all countries depend on each other and share each other' s weal and woe, "China's sense of responsibility as a major country means a commitment to helping other countries expedite their economic development," said Song Luzheng, researcher at the China Institute of Fudan University in Shanghai.
Xi's proposal is an "attempt by the Chinese president to overcome and replace the traditional notion of 'geopolitics,' in which there are always 'winners' and 'losers,' and in which the principle of 'might makes right' tends to predominate," said William Jones, Washington Bureau chief of the U.S. publication Executive Intelligence Review.
"In this new concept, everyone plays a role and the benefits achieved by any one nation can be shared by all," Jones added.
China will celebrate the 40th anniversary of its reform and opening up to the world in 2018. This year will see the country strengthen its global ties and role in world affairs.
The idea of building a community with a shared future for mankind expresses the desire to build a safe and prosperous world, said Do Tien Sam, former head of the Institute for Chinese Studies of Vietnam Academy of Social Sciences.
As an old Chinese saying goes, when you reap fruits, you should remember the tree; when you drink water, you should remember its source. As Xi said in a speech at the United Nations Office in Geneva last year,
"China will continue to share its development opportunities with other countries and welcome them aboard the fast train of China's development."
