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As examples of successful projects carried out under the Forum on China-Africa Cooperation, he cited two Chinese-built railways, including one linking Djibouti and Addis Ababa, Ethiopia, as well as "hundreds of Special Economic Zones across the continent, that bring many benefits to both sides".

As a representative of the Chinese embassy in Kenya, counselor Wang Xuezheng said at the ceremony that the event was about contribution, loyalty, and friendship.

As a part of the action plan, ADB will launch the Oceans Financing Initiative to create opportunities for the private sector to invest in bankable projects that will help improve ocean health. The initiative will provide technical assistance grants and funding from ADB and other donors to reduce the technical and financial risks of projects. This will be done through instruments such as credit risk guarantees and capital market "blue bonds".

As a matter of fact, many UK companies have already started to profit by playing an active part in projects in the countries involved in the Belt and Road Initiative.

As for the piling up debt level in China that "worries the world the most", Jing Urich, vice-chairman of Asia Pacific at JPMorgan Chase, said the overall risks remain controllable, because the government has recognized the risky points and has taken steps to rein in risks embedded in corporate debts, which might be the most worrisome part.