Monday, 19 November, 2018

IMF Head Discusses Global Economic Challenges With Chinese Leadership

Ellis Copeland | 17 May, 2017, 13:43

The forum is attended by 29 heads of state and government, heads of major global organizations. We always want India to participate in the Belt and Road initiative.

Responding to the statement, Chinese Foreign Ministry spokesperson Hua Chunying asked what India meant by "meaningful dialogue".

Putin, Turkish President Recep Tay-yip Erdogan and Pakistan Prime Minister Nawaz Sharif, echoed Xi's theme that economic development would help nurture political stability and neutralize support for radical groups.

President Joko "Jokowi" Widodo highlighted Indonesia's role in the ancient Silk Road trading route and urged other countries in the region join and play a part in China's new Belt and Road Initiative.

It's a mouthful. The "One Belt" part of it refers to the Silk Road Economic Belt while the "One Road" refers to the 21st-century Maritime Silk Road.

(Web Desk) - A Chinese daily named Global Times published an editorial on Tuesday telling how successful the One Belt One Road Forum for International Cooperation was.

India skipped the Belt and Road Forum (BRF) due to its sovereignty concerns over the $50 billion CPEC, which passes through Pakistan-occupied Kashmir (PoK).

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The Silk Road initiative, first proposed by Xi in 2013, is also viewed as a counterweight to the Trans-Pacific Partnership (TPP), a regional trade pact that excludes China.

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, left, shakes hands with Chinese President Xi Jinping during the welcome ceremony for the Belt and Road Forum, at the International Co.

The summit is dedicated to Mr Xi's cornerstone economic diplomatic project, the Belt and Road Initiative.

The Chinese leader said the summit reached a broad consensus and achieved positive outcomes, insisting that the initiative would work to ensure an open world economy, rebalance globalization, and work toward trade liberalization.

He said that the Belt and Road Initiative has been following the principle of joint consultation, extensive participation and shared benefits. Initially, the USA had shown reservations in attending the summit but sent a delegation to the forum after clinching a trade deal with China.

The diplomat said all the European nations taking part in the summit's trade panel collectively chose to rebuff the text because they believe it does not sufficiently address European concerns surrounding transparency of public procurement and social and environmental standards.

"All countries should respect each other's sovereignty, dignity and territorial integrity, each other's development paths and social systems, and each other's core interests and major concerns", Xi said on Sunday.

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