Commentaries, Analysis, And Editorials -- May 14, 2017

President Xi Jinping of China at the opening ceremony on Sunday for the Belt and Road forum in Beijing. He pledged more than $100 billion for development banks in China that he said would spearhead vast spending on infrastructure across Asia, Europe and Africa. Credit Pool photo by Mark Schiefelbein

Jane Perlez and Keith Bradsher, New York Times: Xi Jinping Positions China at Center of New Economic Order

BEIJING — President Xi Jinping of China delivered a sweeping vision of a new economic global order on Sunday, positioning his country as an alternative to an inward-looking United States under President Trump.

Mr. Xi, surrounded by autocratic leaders from Russia and Central Asia at a forum in Beijing, pledged more than $100 billion for development banks in China that he said would spearhead vast spending on infrastructure across Asia, Europe and Africa. Noticeably absent from the gathering were leaders of major Western democracies.

Sparing no modesty for the plan, Mr. Xi called the initiative, known as “One Belt, One Road,” “this project of the century.” The program, based on Chinese-led investment in bridges, rails, ports and energy in over 60 countries, form the backbone of China’s economic and geopolitical agenda.

Read more ....

Commentaries, Analysis, And Editorials -- May 14, 2017

Why India is cool towards China's Belt and Road -- Ashok K. Kantha, South China Morning Post

Subscribe to receive free email updates:

Related Posts :