14 May 2017

China: Champion of Globalization > MASSIVE FUNDING BOOST

Chinese President Xi Jinping welcomed world leaders and their partners to a banquet at the Great Hall of the People in Beijing on Sunday evening, to mark the Belt and Road Forum for International Cooperation.
 President Xi told the distinguished guests that the Belt and Road addresses a yearning for cultural communication, hopes for peace, and pursuit of development and better lives. 
Chinese President Xi Jinping stressed that human history advances with cultural inclusiveness, as he proposed a toast at the welcoming banquet for distinguished guests attending the Belt and Road Forum for International Cooperation. More than 1,500 delegates from over 130 nations gathered in Beijing on Sunday for the two-day forum.
"Around 2,000 years ago, our ancestors opened up the ancient Silk Road with simple desire of friendly exchanges," said Xi. “Today we follow up the Silk Road spirit and conduct extensive consultation in building the Belt and Road.” 
Xi expressed his hopes for the Belt and Road, saying it is an extension of an historical trend and the correct choice for the future.
 
 
He stressed that people yearn for cultural exchanges, a peaceful world, common development and a good life through common endeavors that will have far reaching impact and bring benefits for many generations to come. 
There is now an ‘inflection point’ occurring in China’s diplomacy, catalyzed by the Belt and Road initiative, as the country changes from reactive to pro-active in its international relations.
President Xi’s foreign policy engages the world - safe-guarding China’s core interests, encouraging mutual economic development, and hastening China’s emergence as a great power. The Belt and Road Initiative exemplifies his strategic thinking.
China pledges $124 billion for new Silk Road as champion of globalization
Brenda Goh and Yawen Chen Reuters                         
Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games.
Xi used a summit on the initiative, attended by leaders and top officials from around the world, to bolster China's global leadership ambitions as U.S. President Donald Trump promotes "America First" and questions existing global free trade deals.
Leaders from 29 countries are attending the forum, as well as the heads of the United Nations, International Monetary Fund and World Bank.
. . . But some Western diplomats have expressed unease about both the summit and the plan as a whole, seeing it as an attempt to promote Chinese influence globally. They are also concerned about transparency and access for foreign firms to the scheme.
"China is willing to share its development experience with all countries. We will not interfere in other countries' internal affairs. We will not export our system of society and development model, and even more will not impose our views on others," Xi said."In advancing the Belt and Road, we will not re-tread the old path of games between foes. Instead we will create a new model of cooperation and mutual benefit."
Read entire report from
Reuters

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