Britain says it's a natural partner for China's new Silk Road

Britain says it's a natural partner for China's new Silk Road

China will host the Second Belt and Road Forum for International Cooperation in 2019, President Xi Jinping announced on Monday at a news briefing in Beijing while describing the outcomes of the forum and the Leaders Roundtable.

TRADE: The trade plan between China and the USA announced last week may add pressure to Chinese companies, although it could benefit consumers as they get cheaper and better quality goods, the Global Times said.

The Belt and Road Initiative is highly aligned with the United Nations 2030 Agenda for Sustainable Development, and the new agreements will help Belt and Road countries realize the 2030 Sustainable Development Goals, said Yu. "This is both a continuation of our shared legacy and a right choice for the future", he said.

"We hope to translate consensus into action and achieve fresh outcomes in practical cooperation", he said. They are also concerned about transparency and access for foreign companies. "We are awaiting a positive response from the Chinese side".

"We are of firm belief that connectivity initiatives must be based on universally recognized global norms, good governance, rule of law, openness, transparency and equality", he said in a statement.

In resolving to uphold the spirit of peace, cooperation, openness, transparency, inclusiveness, equality, mutual learning, mutual benefit, and mutual respect, within the framework and principles of the United Nations Charter and worldwide laws, this initiative provides an excellent model for "win-win" cooperation at the global level.

The initiative has "entered a new era as it is in full swing", with 68 nations and global organizations signing cooperation agreements with the host, Xi said.




"I don't think many people are buying the spin that this is all in the name of free trade and global prosperity", said Andrew Gilholm from global risk consultancy Control Risks.

Cambodia is willing to push forward the development of China-Asean relations and enhance the Lancang-Mekong Cooperation initiative, Hun Sen said.

India has been the most vocal of critics to the initiative and did not send a representative to the event.

That is despite complaints by its trading partners that China is the most-closed major economy. The People's Bank of China also signed memorandums of mutual understanding with the International Monetary Fund and the Czech National Bank.

Russian President Vladimir Putin attends a summit at the Belt and Road Forum in Beijing, China, Monday, May 15, 2017.

"He (Xi) is very anxious to move as early as possible to take advantage of the vacuum created by Donald Trump and show that China has the capacity to be a rule maker", China political analyst Willy Lam said.

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