Second day of Belt and Road Forum Continues

China's Xi appeals to foreign leaders for freer trade

Hun Sen is on a five-day official visit to China, during which he attended the Belt and Road Forum for International Cooperation.

Leaders from 29 countries, including Philippine President Rodrigo Duterte and Italian Prime Minister Paolo Gentiloni, as well as the heads of the United Nations, International Monetary Fund and World Bank, are attending the Belt and Road forum.

The meeting included Presidents Vladimir Putin of Russian Federation and Recep Tayyip Erdogan of Turkey and presidents or prime ministers from Italy, Hungary, Greece, Kenya and most of China's Asian neighbours but no major Western leaders.

While CPEC is highlighted as "flagship project", the B&R includes the Bangladesh, China, India and Myanmar (BCIM) Economic Corridor, New Eurasian Land Bridge, China-Mongolia-Russia Economic Corridor, China-Indochina Peninsula Economic Corridor and 21st century Maritime Silk Road.

Xi said China wants the Belt and Road project to improve cooperation in formulating industrial and financial policy, speed up development of infrastructure, make trade and investment flow more easily and improve interaction on education and other "people-to-people ties".

(Web Desk) - A Chinese daily named Global Times published an editorial on Tuesday telling how successful the One Belt One Road Forum for International Cooperation was.

On Saturday, Pakistan and China inked new deals worth almost Dollars 500 million, covering airport, port and highway construction, it said.

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.

Xi has already pledged more than $100 billion for China's development banks for infrastructure projects across Asia, Europe and Africa.

China's commerce minister, Zhong Shan, said China planned to import $2 trillion worth of products from OBOR-participating countries over the next five years.

"Washington's participation in the Belt and Road initiative will have knock-on effects, encouraging its allies to see the initiative from a more rational and objective perspective, and thus help win Beijing and its infrastructure projects more global understanding and influence".

Beijing also asked New Delhi to explain what it meant by "meaningful dialogue" on the Belt and Road project.

Aziz also praised the Chinese leadership for proposing the BRI. In his opening address, president Xi Jinping said the initiative aims to promote economic interdependence, inclusiveness and win-win cooperation.

Related:

Comments


Other news