Implementing a new version of the Maritime Silk Road will be a win-win solution for China and other countries along the route, said experts at a forum.

At the three-day Guangdong 21st Century Maritime Silk Road International Expo in Dongguan from Oct 31 to Nov 2, Lin Yifu, an economist at Peking University and former senior vicepresident of the World Bank, said that the initiative would bring new opportunities to countries involved.

"China is seeking to transfer its immense labor-intensive industries elsewhere. That will probably bring opportunities of industrialization and modernization to the countries alongshore, especially those in Southeast Asia, South Asia and Africa," he said during the expo.