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China has pledged to invest $124 billion in "One Belt And One Road" construction

China has pledged to invest $124 billion in "One Belt And One Road" construction

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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China has pledged to invest $124 billion in "One Belt And One Road" construction

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

On May 14, according to BBC news reported that xi jinping in the "area" of international cooperation, chairman of the peak on the BBS, according to trade is an important motivation of economic development, is committed to invest $124 billion in the construction of "area".

The One Belt And One Road initiative was first proposed in 2013 to expand trade links between Asia, Africa, Europe and other regions. As an ambitious "area" part of the economic plan, the Chinese government in the world within the scope of investment tens of billions of dollars to build ports, roads and rail network. China will provide a large amount of money to strengthen its trade partnership, which will provide rmb60bn in assistance to developing countries and some international institutions.

Mr Xi also assured western diplomats that the main aim of the "new silk road" was not to improve China's global reach.

The BBC's China editor, CarrieGracie, commented that China was actively involved in becoming a global leader. Mr Xi said the "One Belt And One Road" initiative was an idea China had proposed, but for the benefit of everyone. China is actively engaged in infrastructure construction around the world to promote world trade and economic prosperity.

When China's leaders in his speech when it comes to family and build a harmonious coexistence and pledged billions of dollars in loans and investments, sat in the front of Russian President vladimir putin and President recep tayyip erdogan, Turkey and so on with warm applause.

However, China's neighbours Japan and India did not attend the peak BBS, they "neighbourhood" all the way to China initiative skeptical, think it hidden for strategic assets and geopolitical ambitions. In addition, some economists are cautious about promoting "One Belt And One Road" in countries and regions that are politically unstable and poorly governed.

Gracie, says Mr Xi in a keynote speech on Sunday, talked about the new mode of cooperation, mutually beneficial and win-win but implicit in the United States, the European Union and other internal problems stranded, as leader of the world's goal.

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