BEIJING -- China is able and willing to provide more public goods for the Asia-Pacific and the world, as its overall national strength grows, Chinese President Xi Jinping said here Sunday.

China will especially offer new initiatives and visions for enhancing regional cooperation, to contribute to the connectivity, development and prosperity of the Asia-Pacific, said Xi in his speech at the CEO Summit of the ongoing APEC meetings.

It is ready to work with other countries to promote the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road", he said.

Last month, 21 Asian countries signed the Memorandum of Understanding on Establishing Asian Infrastructure Investment Bank (AIIB) that was initiated by China.

On Saturday, Xi announced that China will commit $40 billion to the establishment of a Silk Road Fund to finance for infrastructure, resources development and industrial cooperation among countries along the "Belt and Road".

"We are ready to work with all other parties to push for the early operation of AIIB and build the bank into a new platform for cooperation in connectivity, finance and other areas," Xi said.

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