Xi Jinping rolls out global welcome mat for new Silk Road grand plan
Beijing-led trade initiative ‘in line with interests of all countries’, Chinese president says
Chinese President Xi Jinping has urged countries around the world to join an ambitious China-led revival of ancient trade routes, pledging at least US$113 billion in extra funding for the new Silk Road initiative.
In his keynote speech to the Belt and Road Forum for International Cooperation in Beijing on Sunday, Xi promised free trade, openness and shared prosperity.
He projected China as a willing driver of global trade and investment – a sharp contrast to the isolationist agenda in Washington and the growing fractures in the European Union.
“We will build an open platform, defend and develop an open world economy, jointly create an environment good for opening-up and development, and push for a just, reasonable and transparent international trade and investment system so that production materials can circulate in an orderly way, be allocated with high efficiency and markets are deeply integrated,” he told representatives from more than 100 countries, including 29 heads of state and government.