China's Xi says Silk Road plan boosts finance, security ties

China's Xi says Silk Road plan boosts finance, security ties

"The worldwide community's warm response to the Belt and Road Forum for global cooperation also speaks volumes for that".

Xi said the Belt and Road initiative is "a project of the century" that will benefit people across the world. He urged Xi called for governments to pursue "greater openness and cooperation" and "reject protectionism".

He compared countries to "swan and geese" that can "fly long and safely through winds and storms because they move in tandem and help each other as a team".

Sharif said the Belt and Road "rejected the encirclement for any country".

China had invited India to participate in six separate forums as part of a two-day OBOR summit being held in Beijing.

"We should build an open platform of cooperation and uphold and grow an open world economy", Xi told the opening of the summit. By some estimates, China plans to pump US$150 billion (S$210 billion) into such projects each year. The initiative spans some 65 countries representing 60 per cent of the world population and around a third of global gross domestic product.

President Donald Trump was scathing about China's trade policies on the campaign trail, but relations have warmed in recent weeks as the USA leader softens his stance.

Xi has advocated for aligning projects with the development goals of institutions such as the Asia-Pacific Economic Cooperation (APEC), ASEAN, African Union and the European Union.

World leaders Chinese President Xi Jinping, Russian President Vladimir Putin, President Rodrigo Duterte and other state and government leaders have gathered at an global event for an economic trade cooperation initiated by China. "Today any signals that would give hope for stability are in demand".




Turkish president Recep Tayyip Erdogan met his Chinese counterpart in Beijing on Sunday and reportedly extended his support to the initiative.

The text on trade is one of the statements that are expected to be published at the end of the summit later Monday, along with the final communique.

The diplomat said some European nations taking part in the summit's trade panel made a decision to rebuff the text because they believed it did not sufficiently address European concerns surrounding transparency of public procurement and social and environmental standards.

India's decision to stay away has raised eyebrows here, as other countries such as Japan and Vietnam, which have serious maritime disputes with China, have sent high-level official delegations, to the BRF.

"Shifting educational resources and helping improve the education of the poor is the best investment you can possibly make", he said.

Proposed in 2013 by Xi, the project is broad on ambition but still short on specifics.

Xi announced that Beijing promises to provide 540 million Yuan (78 billion dollars) of financial support for the Belt and Road initiative, and Asian Infrastructure Investment Bank is providing a further 1.7 billion dollars worth of loans to the participant countries.

"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.

Related Articles

  • Upcoming Disney Movie Held Ransom By Hackers, CEO Says

    The hacker first tried to strong-arm the post-production company but eventually targeted Netflix with ransom demands. Hackers leaked episodes of the new season after Netflix refused to meet their demands.
    Wizards forward Oubre ejected for bowling over Olynyk

    Wizards forward Oubre ejected for bowling over Olynyk

    Draymond Green spent a chunk of time on his podcast ridiculing Boston Celtic's Kelly Olynyk for his " dirty " antics on the court. He connected to the groin region of Oklahoma City Thunder big man Steven Adams a few times in last year's playoffs.
    King scores again for Bournemouth in 2-1 win over Burnley

    King scores again for Bournemouth in 2-1 win over Burnley

    I'm disappointed in the end but with the season we've had, it's hard to question this group". We love working with him - hopefully he feels the same.
  • Match Reports: Real Madrid 4-1 Sevilla FC

    Match Reports: Real Madrid 4-1 Sevilla FC

    He said: "Until the final minute we can not think about anything". "When there are hard moments we know how to turn it around". We have to stay focused on each game.

    Iannetta beaned, more bad blood as D-Backs top Pirates

    In defeating the Pirates 11-4 before 21,911 in Chase Field Friday night, their offensive dominance of the opposition continues. Iannetta was struck by a 93 miles per hour pitch from Pittsburgh reliever Johnny Barbato in the seventh inning Friday night.

    Hamilton fastest as Mercedes step up the pace

    Lewis Hamilton is hopeful his Mercedes team have solved the performance problems that hit him at last month's Russian Grand Prix. The pressure will be on Red Bull Racing, too, to make a big step forward after a disappointing opening four rounds.
  • Holmes, Stanley lead Players after 54 holes, Garcia four back

    Rory McIlroy made it to the weekend but it will be results of a different sort on Monday that will be more significant. He followed that with a birdie on the 17th, and then holed a long par putt from just off the 18th green.
    IPL 2017: Lots of bowling talent in India, says Warner

    IPL 2017: Lots of bowling talent in India, says Warner

    Gujarat seemed to have been affected much by the injury of Andrew Tye, who is the no doubt best bowler of the IPL Season 10. In fact, quite a few of his mishits also crossed the boundary ropes as he hit five fours and four sixes.
    Bayern Munich boss Carlo Ancelotti denies Franck Ribery rift

    Bayern Munich boss Carlo Ancelotti denies Franck Ribery rift

    Earlier this week, Kicker claimed that Bayern are open to selling the 19-year-old if they receive a €35 million (£29.5m) bid. And Ancelotti expects Ralph Hasenhuttl's men, who were only promoted last season, to be just as competitive next season.
  • US retail sales rebounded in April after sluggish winter

    US retail sales rebounded in April after sluggish winter

    Sales fell in April for department stores by 0.2%, furniture by 0.5%, clothing and accessories by 0.5%, and grocery by 0.4%. Get great content delivered straight to your inbox every morning Monday-Friday at 8:00am, just a click away, Sign Up Now.
    Tesla Tiles To Slide Down Under

    Tesla Tiles To Slide Down Under

    A glass tile, without the solar elements costs $11 per square foot, and the solar tiles themselves are $ 42 per square foot . Musk explains that the use of traditional solar and backup batteries in roofing is less expensive that using a typical roof.

    Saha's unbeaten 93 helps Punjab keep playoff hopes alive

    MI looked down and out when they slipped to 121 for four in the 13th over while chasing 232 against Kings XI Punjab . However, MI skipper Rohit and youngster Nitish Rana couldn't score big and were sent to the pavilion soon.