India  
NewsR.in
> > >

China fights fears over Belt and Road

Video Credit: Reuters Studio - Duration: 02:35s - Published < > Embed
China fights fears over Belt and Road

China fights fears over Belt and Road

The Belt and Road initiative championed by Xi Jinping has become mired in controversy, with some partner nations bemoaning the high cost of projects.

The country is hosting a summit seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations.

Ryan Brooks reports.

0
shares
ShareTweetSavePostSend
 

China fights fears over Belt and Road

China is trying to face the controversy swirling around its Belt and Road initiative.

Leader Xi Jinping spoke Friday (April 26) in front of a number of leaders from Pakistan, among the biggest receivers of funds from Xi's grand plan, to Italy, who recently became the first G7 country to sign on.

(SOUNDBITE) (Mandarin) CHINESE PRESIDENT XI JINPING, SAYING: "(The aim of building the belt and road is to) work together to face the risks and challenges facing mankind, realise win-win cooperation and development together." It was the opening of a second summit on the infrastructure plan.

Western countries say its only about expanding Chinese influence and will trap poorer countries in debt.

So in this summit - as Reuters' Ben Blanchard reports - China is looking to prove its good intentions.

(SOUNDBITE)(English) REUTERS SENIOR CHINA CORRESPONDENT, BEN BLANCHARD, SAYING: "We saw today President Xi talking about sustainability, talking about -using the word 'green' a lot, to discuss the importance of environmental sustainability.

So China does seem to be taking onboard some of these criticisms. It does want the Belt and Road to be popularly received around the world and it doesn't like the constant sort of background noise from certain quarters, um affecting people's perceptions of it." Since 2013, data provider Refinitiv shows the value of Belt and Road projects totals some three-and-a-half trillion dollars.

While most projects are continuing as planned, some have hit snags.

Among the most vocal critics- is the United States.

(SOUNDBITE) (English) U.S. SECRETARY OF STATE MIKE POMPEO, SAYING: "It is not okay to engage in predatory lending practices." (SOUNDBITE)(English) REUTERS SENIOR CHINA CORRESPONDENT, BEN BLANCHARD, SAYING: "In the last few months, the U.S. officials have been stepping up their criticism of Belt and Road, talking about debt traps, lack of transparency, things like that.

Now the last Belt and Road forum two years ago, the U.S. did actually send a relatively senior delegation this time however, no U.S. officials have come from Washington to attend.

We don't actually know who is attending for the United States , so eventually these closer allies of the United States.

Britain is an obvious example, France, Germany, are presumably going to have to make a choice about to what extent do they continue to engage in Belt and Road or indeed do they formally sign up to it, or do they adopt the U.S. approach and try to wash their hands of it." Britain, France and Germany have all sent senior officials this year.

The UK's finance minister spoke to Reuters on the sidelines and called Belt and Road a "vision." After Brexit, the UK will be looking for ways to reinvent itself and Xi's vision may be a start.



Recent related news from verified sources

China: China's Belt And Road Initiative: Opportunities But Some Risks! - Clyde & Co

China's Belt & Road Initiative (BRI), now heading into its 7th year, is a hugely ambitious...
Mondaq - Published


You Might Like


Recent related videos from verified sources

China opens world's first 5G self-driving bus line [Video]China opens world's first 5G self-driving bus line

This 5G self-driving bus had a trial operation for the first time on a road in central China. The video, shot in Zhengzhou City in Henan Province on May 17, shows a 5G driverless bus with passengers..

Credit: Newsflare     Duration: 01:18Published

Scooter rider miraculously survives from being run over by lorry in China [Video]Scooter rider miraculously survives from being run over by lorry in China

A scooter rider miraculously survived being run over by a lorry in central China. The terrifying video shot in Shiyan City in Hubei Province on May 15, shows two scooters crossing a road before..

Credit: Newsflare     Duration: 00:35Published

Leaking gas causes manhole covers to 'dance' on Chinese road [Video]Leaking gas causes manhole covers to 'dance' on Chinese road

Several manhole covers were filmed "dancing" on a highway due to gas leaking in southern China. The unusual clip, captured in Guilin City in southern China's Guangxi Zhuang Autonomous Region on May..

Credit: Newsflare     Duration: 00:42Published

Baby driver! Chinese parents fined after allowing their three-year-old driving on road [Video]Baby driver! Chinese parents fined after allowing their three-year-old driving on road

A three-year-old boy was filmed driving a car along a road in eastern China.

Credit: Newsflare STUDIO     Duration: 00:36Published

China to fund US$1.4 billion into Sri Lanka's Port City Colombo project [Video]China to fund US$1.4 billion into Sri Lanka's Port City Colombo project

BEIJING / COLOMBO — Beijing is providing a US$1.4 billion loan to Sri Lanka for their Port City Colombo project, The South China Morning Post reports. This project aims to develop a metropolis..

Credit: TomoNews US     Duration: 01:44Published

Kenyan President's Office Denies Claims He Is 'Missing' After China Trip [Video]Kenyan President's Office Denies Claims He Is 'Missing' After China Trip

The chief spokesperson for Kenyan President Uhuru Kenyatta denied claims Kenyatta was absent at public events after speculation went rife about his whereabouts on social media. Tweeting with the..

Credit: Wochit     Duration: 01:10Published

China planning to expand military presence in Arctic [Video]China planning to expand military presence in Arctic

An annual report on China's military status from the Pentagon shows Beijing has growing interests to expand its military influence in the Arctic.

Credit: Reuters - 3D Animations (Next Me     Duration: 01:18Published

China planning to expand military presence in the Arctic [Video]China planning to expand military presence in the Arctic

WASHINGTON — An annual report on China's military status from the Pentagon shows Beijing has growing interests to expand its military influence in the Arctic. According to a report released by the..

Credit: TomoNews US     Duration: 02:01Published

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest