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China will not devalue yuan, Xi tells world leaders at Belt and Road Forum

  • Beijing is seeking to resolve growing concerns about its global infrastructure push
  • Forum communique will be considered by 37 world leaders on Saturday

Topic |   Belt and Road: 2019 Forum
Chinese President Xi Jinping attends the opening ceremony for the second Belt and Road Forum in Beijing. Photo: Reuters
INTRODUCTION

This week's Belt and Road Forum in Beijing is the diplomatic highlight of the year for China, with 37 world leaders in attendance, along with 5,000 other representatives from 150 countries.

But President Xi Jinping's multibillion-dollar “Belt and Road Initiative”, first unveiled six years ago with the aim of linking China with Asia and Europe through ports, roads, airports, pipelines and other infrastructure projects, has also prompted concerns about what critics have called a lack of transparency related to project development, land requisition, debt pricing and other contractual issues.

See how Xi deals with those issues and others in his speech to the forum on Friday morning here.