BOAO: Chinese President Xi Jinping on  Tuesday highlighted the significance of Boao Forum for Asia (BFA), saying  "Boao proposals" have helped build consensus in Asia, encourage cooperation, promote economic globalization and advance the building of a community with a shared future for mankind.

Addressing the opening ceremony of the BFA annual conference, Xi said that opening brings progress, while closure would lead to backwardness. adding that China´s reform and opening up will definitely succeed and that a Cold War mentality, zero-sum thinking, and isolationism would hit walls.

He added the with a focus on Asia and a global perspective, it has hosted active discussions and produced many valuable "Boao proposals" since its inception.

 Pakistan's Prime Minister Shahid Khaqan Abbasi is also  addressing the ongoing Boao Forum for Asia (BFA) annual conference, lauding the China-Pakistan Economic Corridor (CPEC) citing all the benefits it gives to both countries, adding that  he believes in the vision of China, not just for the region but the world.