During the conference, Putin also expressed his full support for China's ambition to invest billions of dollars in infrastructure that links Asia, Europe and Africa, according to Russian news agency RIA Novosti.
On the concluding day of the summit on Monday, Chinese President Xi Jinping said that a total of 68 countries and worldwide organizations signed the One Belt and One Road (OBOR) cooperation agreements with China.
President Xi Jinping delivers a keynote speech at the opening ceremony of the Belt and Road Forum for International Cooperation in the National Convention Center in Beijing on May 14, 2017.
In an attempt to place himself as a contrast to US President Donald Trump, who has vowed to put "America First" and supported bilateral trade deals over multilateral engagements, Xi said: "We need to seek results through greater openness and cooperation, avoid fragmentation, refrain from setting inhibitive thresholds for cooperation or pursuing exclusive arrangements, and reject protectionism".
Expanding cooperation in production capacity is an important vehicle for promoting the Belt and Road Initiative, Ning said.
In his opening remarks at the forum, Xi pledged an astounding US$124 billion to the new Silk Road plan, reinforcing that everyone was welcome to join what he envisioned would be a path to peace and prosperity for the world.
The initiative - a modern Silk Road of trade, investment and infrastructure development - is China's biggest foreign initiative to date.
USA intelligence director warns of more Russian cyberthreats
Coats said Russia, China, North Korea and Iran are using cyberspace to target USA and its allies and will do so in the future. Sunni extremists remain the primary terrorist threat to the USA , with home-grown actors posing the biggest concern.
"It is regrettable but not a problem that India still maintains its strong opposition, even though China has repeatedly said its position on the Kashmir dispute would not change because of the China-Pakistan Economic Corridor (CPEC)", said the article written by Global Times reporter Wang Jiamei.
Nawaz said that "with the help of our Chinese friends an environment had been created for the China-Pakistan Economic Corridor to take off and has started to create new entrepreneurs, jobs and businesses". However, China maintains the project is only for reaping economic benefits.
Named after the ancient Silk Road, the Belt and Road, or the One Belt, One Road initiative, was proposed by Xi in 2013 to chart out new territories for worldwide cooperation.
Xi Jinping, the Chinese president, said the project has "no political agenda", but there are concerns from the United States, parts of Europe and India that Beijing is seeking to expand its influence.
China had invited India to participate in six separate forums as part of a two-day OBOR summit being held in Beijing.
India delivered an implicit criticism of China's plan Saturday in a statement from its foreign ministry that said such an initiative should meet worldwide norms and not create unsustainable debt. He said deep-seated problems in global development had yet to be addressed effectively, with worldwide trade and investment sluggish, and economic globalisation encountering headwinds.
Mr Xi said the world must create conditions that promote open development and encourage the building of systems of "fair, reasonable and transparent global trade and investment rules".