Home / Political News / Current News / Belt Road Initiative Summit held
Chinese President Xi Jinping, third from left, walks with Russian President Vladimir Putin, third from right, and other leaders as they arrive for a group photo during the Belt and Road Forum outside Beijing, China, Monday, May 15, 2017. (Damir Sagolj/Pool Photo via AP)
Chinese President Xi Jinping, third from left, walks with Russian President Vladimir Putin, third from right, and other leaders as they arrive for a group photo during the Belt and Road Forum outside Beijing, China, Monday, May 15, 2017. (Damir Sagolj/Pool Photo via AP)

Belt Road Initiative Summit held

By Our Reporter

Chinese President Xi Jinping, third from left, walks with Russian President Vladimir Putin, third from right, and other leaders as they arrive for a group photo during the Belt and Road Forum outside Beijing, China, Monday, May 15, 2017. (Damir Sagolj/Pool Photo via AP)
Chinese President Xi Jinping, third from left, walks with Russian President Vladimir Putin, third from right, and other leaders as they arrive for a group photo during the Belt and Road Forum outside Beijing, China, Monday, May 15, 2017. (Damir Sagolj/Pool Photo via AP)

The two-day summit on One Belt One Road Initiatives that kicked off in Beijing on Sunday  brought the world leaders together.
From Russian President Vladimir Putin to Turkish President RecepTayyipErdogan and several other influential leaders and ministers from 29 countries attended the summit that was opened by Chinese President Xi Jingping.
In his in augural speech, the Chinese President called for closer cooperation across Asia and Europe in areas from anti-terrorism to finance.
The two-day summit  showcased Xi’s One Belt, One Road initiative, a revival of the ancient Silk Road trade route, first unveiled in 2013, reported the news agencies stating that all the leaders of the participating countries  agreed to promote a Chinese trade initiative that could increase Beijing’s global influence on trade and geopolitics.
Xi has pledged $124 billion in funds for the initiative, which seeks to connect China with Africa, Asia, and Europe through a network of ports, railways, roads, and industrial parks.
Xi assured Western diplomats that the plan was not simply an attempt to promote Chinese influence globally.
“In advancing the Belt and Road, we will not retread the old path of games between foes. Instead we will create a new model of cooperation and mutual benefit,” Xi said, according to AP.
Xi also pledged $8.7 billion in aid to countries and international organizations that participate in the Silk Road plan. Xi said the project was open to everyone, including those in Europe and Africa.
Putin, speaking at the opening of the summit, told participants that protectionism was a threat to the global economy.
Putin also complained about “illegal sanctions,” a possible reference to a series of Western sanctions imposed over Moscow’s annexation of Crimea from Ukraine.
Few Western leaders are attending the summit, although Britain, France, and Germany are represented by top finance officials. The United States sent a senior White House adviser.
Also attending the summit are Uzbek President Shavkat Mirziyaev,  Kazakh  President Nursultan Nazarbaev, Kyrgyz President AlmazbekAtambaev, Belarusian President Alyaksandr Lukashenka, Pakistani Prime Minister Nawaz Sharif, and Serbian Prime Minister AleksandarVucic.
However, India, the arch rival of China,skipped the Summit.
Ahead of Beijing’s international forum, Pakistan signed new deals with China worth nearly $500 million.

Check Also

SS

Gorkhaland movements continues for about two months

By Our Reporter The Gorkhaland movement has entered the 57th day but the people of …