Published: Fri, May 19, 2017
Worldwide | By Gretchen Simon

Belt & Road Initiative: China's door always open for India, says Chunying

"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.

Aziz who is here attend the two-day Belt and Road Forum for International Cooperation told the Chinese media that the concept of the Belt and Road was about sharing and caring about China's neighbours and countries that believed in peace, progress and prosperity.

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.

Xi on Sunday opened the two-day meeting by pledging 540 billion yuan (US$78 billion) in financing, including 100 billion yuan for China's Silk Road Fund, 380 billion yuan in new lending for participating nations and 60 billion yuan in coming years to developing countries and worldwide organizations that join the program.

On Saturday, Pakistan signed new deals with China worth almost $500 million ahead of Beijing's global forum on its "Silk Road" trade and infrastructure initiative for Asia, Africa and Europe, the Pakistani government said.

"We should build an open platform of cooperation and uphold and grow an open world economy", Xi said in his opening address outlining China's vision.

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"This is an important lesson that can be drawn from the global financial crisis and is still very relevant to the development of the world economy today", Xi added. "We need to seek win-win results through greater openness and cooperation, avoid fragmentation, refrain from setting inhibitive thresholds for cooperation or pursuing exclusive arrangements and reject protectionism".

This is State Counsellor Aung San Suu Kyi's second trip to China since her National League for Democracy (NLD) took power in April 2016. "This concept showed that the leadership of China - President Xi and his team - believed in not just growing China but also growing other countries in the region and in the world", he said.

America "has a lot to gain by participating in the Belt and Road", said an opinion piece in the People's Daily.

The Prime Minister said core of the "One Belt-One Road" initiative is connectivity and long-term development, especially in developing countries.

The premier also proposed enhancing defence and law-enforcement cooperation and strengthening exchanges in areas including education, tourism, protection of historical relics, medicine and health.

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