China's Belt and Road initiative: A new way for global development

China's Belt and Road initiative: A new way for global development

"Under the current worldwide framework, the USA is leading global organizations like the United Nations, the World Bank, and the worldwide Monetary Fund", read a commentary (link in Chinese) in Xiakedao, a WeChat account run by the People's Daily.

Leaders attending the roundtable on Monday also issued a joint communique, in which they stated a "shared commitment to building an open economy, ensuring free and inclusive trade (and) opposing all forms of protectionism in the framework of the Belt and Road Initiative".

Speaking before an audience that included Russian President Vladimir Putin, Xi said his government has "no desire to impose our will on others".

Xi said the Asian Infrastructure Investment Bank had provided US$1.7 billion of loans for nine projects that were part of the plan, while the Silk Road Fund had invested $4 billion, the wire service said.

Almost 30 world leaders are taking part in the global summit on China's Silk Road plan, a huge infrastructure project which Beijing hopes will revive ancient trade routes from Asia to Europe and Africa.

Xi made the remarks when meeting with Italian Prime Minister Paolo Gentiloni after the two-day Belt and Road Forum for International Cooperation ended on Monday in Beijing.

Real Madrid a point from title after Celta Vigo win
He said: "We have to take it one day at a time . he is trained using the indoor facilities, but every day he gets better". Dermot Corrigan is a Madrid-based football writer who covers La Liga and the Spain national team for ESPN FC.

CHINESE President Xi Jinping on Tuesday suggested aligning the Belt and Road Initiative with the European Investment Plan in order to inject new momentum into China-EU ties. Global Times editorial argues that Indian nationalism and negative views about China-Pakistan cooperation could act as a destructive power for regional peace.

About the BRF which concluded yesterday, Hua said it built consensus, pointed direction for global cooperation, chartered course and identified action plans "It was a successful, productive and fruitful event", she said. Some 64 nations in Asia, Africa and Europe, with a variety of political systems and at various stages of development, sit along the trade routes Beijing has planned.

The next Belt and Road summit will be held in 2019, he said. In his opening address, president Xi Jinping said the initiative aims to promote economic interdependence, inclusiveness and win-win cooperation.

The Belt and Road initiative is China's most ambitious foreign policy project, a multibillion-dollar infrastructure venture that is aimed to make China a leader in the new ear of trade and development.

Aziz also praised the Chinese leadership for proposing the BRI.

The US economy will also benefit from OBOR, suggested Chinese state media.

  • Koeman not confident Barkley will sign new Everton contract

    Koeman not confident Barkley will sign new Everton contract

    Everton boss Ronald Koeman has admitted that he is not confident that Ross Barkley will still be at the club next season. We are already trying to get players in for next season in the front positions. 'I spoke to the player.
    Nicki to open Billboard Music Awards

    Nicki to open Billboard Music Awards

    So as these awards enter their 24th edition in some hours, here's all you must know about this year's event. Mendes is up for top male artist, top social artist and, the biggest honor of the night, top artist.

    Today Analysts Focus on F.N.B. Corporation (FNB), Autodesk, Inc. (ADSK)

    While taking a look at financials, we can look at a number of key indicators about Autodesk, Inc . (NASDAQ: ADSK ) changed +1.23%. The company had revenue of $478.80 million for the quarter, compared to the consensus estimate of $476.06 million.
  • Removal of Robert E. Lee statue appears imminent

    The effort to remove the New Orleans monuments is part of larger controversy surrounding Confederate symbols in cities nationwide. The city of New Orleans removed the third of four monuments to Confederate leaders in the early morning hours, Wednesday.
    Microsoft faulted over ransomware while shifting blame to NSA

    Microsoft faulted over ransomware while shifting blame to NSA

    It was patched by Microsoft at the time , but older versions of Windows or those without Windows Update were left open to attacks. Meanwhile, Microsoft also recently began charging customers more for extra security in the top-of-the-line version of Windows 10.

    Chelsea Manning has been liberated

    July 5, 2016: Manning tries to kill herself in the military lockup at Kansas' Fort Leavenworth, according to her attorneys. In January, former US President Barack Obama commuted Manning's sentence , thereby giving her an early release date.
  • NHS Cyber attack still causing problems

    Security firms are encouraging companies and users to make sure they install the official patch from Microsoft . But on Tuesday afternoon the trust confirmed the services would return to normal tomorrow morning.
    Triple Talaq victim threatens to 'convert' to Hinduism

    Triple Talaq victim threatens to 'convert' to Hinduism

    Anything that is admittedly bad in theology (a religious belief) and sinful in religion can never be masquerading as faith. If it is bad in theology, it can not be accepted in law-.What is morally wrong can not be legally right.

    Trump reportedly asked Comey to consider imprisoning members of the press

    Mr Trump will visit the centres of the Muslim, Jewish and Christian faiths on this trip - a first for any president. Comey should consider putting reporters in prison for publishing classified information , according to one of Mr.
  • Cavs' JR Smith Thinks Celtics Might Throw 'Cheap Shots' In Game 2

    Cavs' JR Smith Thinks Celtics Might Throw 'Cheap Shots' In Game 2

    Front Court Domination: The Cavs front court starters out scored the Celtics 90-32, including 47-12 in the first half. If the Celtics do not start hitting at least their open shots, the Cavaliers will continue to walk all over them.
    Trump Says He Didn't Ask Comey To Drop The Russia Investigation

    Trump Says He Didn't Ask Comey To Drop The Russia Investigation

    The White House has disputed Comey's account of his February conversation with Trump concerning Flynn but has not offered specifics.

    United States extends Iran nuclear deal sanctions relief, imposes new ballistic missile sanctions

    On January 13, the USA imposed sanctions on 13 people and 12 entities in relation to Iran's ballistic missile programme. Treasury Department placed sanctions on Iran over concerns about its ballistic missile programme.