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New York

Wed, 20 Nov 2019 12:50 GMT

Goal of Belt and Road is advance 'Win-Win Cooperation': Xi


7Dnews London

Fri, 26 Apr 2019 03:08 GMT

China's President Xi Jinping said on Friday the aim of his Belt and Road initiative is to advance win-win cooperation among countries and build a new platform for international trade, while also creating development opportunities for China.

Further, he said in a keynote speech at a summit on the Belt and Toad initiative, the next step in recreating the old Silk Road was to push the initiative towards high-quality development, with a focus on green infrastructure and finance. 

The initiative sponsored by Xi has become mired in controversy, with some partner nations bemoaning the high cost of projects, whereby the country repeatedly said it is not seeking to trap anyone with debt and only has good intentions.

Meanwhile, western governments seemed  to view it as a means to spread Chinese influence abroad, burdening poor countries with unsustainable debt.