Expert believes China's Belt and Road initiative will enhance Russia's security

Expert believes China's Belt and Road initiative will enhance Russia's security

"Geese can fly through wind and rain for a long time because they fly in flocks".

The Pakistan Prime Minister will attend the inaugural session of the One Belt One Road Summit, a plenary meeting of high-level dialogue and the state banquet.

The article added that all countries along the route of the project have reacted actively to it, and therefore India can't impede its neighbouring countries from cooperating with China for the same.

"It is our hope that through the Belt and Road development, we will unleash new forces for global economic growth", Xi told reporters.

The strategy was said to involve high-speed railways, bridges, roads, ports, industrial parks, oil pipelines and power grids that will be built across the region, from Mongolia and Laos to Uzbekistan and Malaysia.

The European Investment Bank has financed projects in China since 1995 and past year the European Investment Bank Group provided Euro 84 billion to finance new investment around the world, including Euro 19.6 billion for climate related investment.

"The role is still available if India changes its mind", the Global Times concluded, "but it may only be a small role if it is left too late".

The trade plan will "reject protectionism", Xi said, in yet another pointed criticism of illiberal trade policies espoused by US President Donald Trump, Reuters reported.

Russian President Vladimir Putin denounced North Korea's latest missile test as a "dangerous" move that goes against regional interests. It is now under the management of Chinese Overseas Port Holdings Ltd. Another setback was the decision by several European countries, including France, Germany and Britain, not to sign a trade statement at the summit. They are also concerned about transparency and access for foreign firms to the scheme. On Sunday German Economy Minister Brigitte Zypries called for transparency to ensure that the calls for investment bids are "non-discriminatory".

"I think the optics worked out well for him", said Gilholm.

Xi, in his address, pledged to pump in a whopping $124 billion for projects that are part of the ambitious venture.

As relevant information, about 68 countries and global organizations have signed cooperation agreements with China under the Initiative. Europeans are not the only ones voicing concerns.

PM Nawaz said that Pakistan is already reaping the early benefits of the China-Pakistan Economic Corridor within the initiative of OBOR for interconnected development.

Luo also said that while India had reservations about the China-Pakistan corridor, Beijing had no wish to get involved in territorial disputes between India and Pakistan, according to remarks released by the Chinese embassy.



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