He made the remarks at a news conference in Beijing to expound China's stance on promoting foreign investment.

Sharaf said while giving lectures in Egypt and other countries, he always tried to expound on the broad prospects for the BRI that "covers unlimited areas of development.

The ministry will elaborate on China's new development philosophy during the eighth review, expound on the country's new reform and opening-up measures, and respond to the concerns raised by the WTO members.

In the roadshow held from March 14 to 16, the bureau said the delegation met potential investors in China to expound on the terms of the bond issuance and provide updates on the Philippine economy.

In March 2013, while expounding on China's views on international affairs at the Moscow State Institute of International Relations, Xi had mooted the proposal.

Experts and business leaders said the new premier's expounding on opening-up will boost market confidence, especially against the background of uncertainties in the global economy.