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Business News/ News / World/  Xi Jinping says China’s Belt and Road initiative needs to reject protectionism
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Xi Jinping says China’s Belt and Road initiative needs to reject protectionism

Addressing world leaders at the Belt and Road Forum in Beijing, Chinese president Xi Jinping said the Belt and Road initiative needs to avoid fragmentation

Chinese president Xi Jinping (centre), his wife Peng Liyuan and Russian president Vladimir Putin at the welcome banquet for the Belt and Road Forum in Beijing on Sunday. Photo: AFPPremium
Chinese president Xi Jinping (centre), his wife Peng Liyuan and Russian president Vladimir Putin at the welcome banquet for the Belt and Road Forum in Beijing on Sunday. Photo: AFP

Beijing: Chinese president Xi Jinping said on Monday that the Belt and Road Initiative needs to reject protectionism and avoid fragmentation.

Addressing other world leaders at the Belt and Road Forum in Beijing, Xi added that rail, road and other infrastructure cooperation needs to be sped up and financing costs reduced.

Xi pledged $124 billion on Sunday for his new Silk Road which aims to bolster China’s global leadership ambitions by expanding links between Asia, Africa, Europe and beyond, as US President Donald Trump promotes “America First".

Also Read: China pledges $124 billion for new Silk Road as champion of globalization

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Published: 15 May 2017, 09:06 AM IST
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