'Deals Worth US$64b Signed At Belt And Road Forum'

President Xi Jinping said on Saturday that US$64 billion in deals were signed at a summit on his Belt and Road Initiative and more nations would join the global infrastructure programme as he sought to ease concerns over the colossal project.

Xi and 37 world leaders wrapped up a three-day forum in Beijing with pledges to ensure that projects on the new Silk Road are green and financially sustainable following concerns about debt and environmental damage.

"We are committed to supporting open, clean and green development and rejecting protectionism," Xi told journalists at the end of the forum, without taking questions.

His signature foreign policy aims to reinvent the ancient Silk Road to connect Asia to Europe and Africa through massive investments in maritime, road and rail projects – with hundreds of billions of dollars in financing from mainland banks.

But critics say the six-year-old project is a plan to boost Beijing's global influence, riddled with opaque deals favouring Chinese companies and saddling nations with debt and environmental damage.

The US, India and some European nations have looked at the project with suspicion. Washington did not send any representatives to the meeting.

"This year's forum sends a clear message: more and more friends and partners will join in the Belt and Road co-operation," Xi said.

A document released after the meeting showed that Equatorial Guinea, Liberia, Luxembourg, Jamaica, Peru, Italy, Barbados, Cyprus and Yemen were the latest countries to join the club. (AFP)