Tsipras to at­tend China’s New Silk Road sum­mit

Kathimerini English - - Focus -

BEIJING (Reuters) – China will gather its friends and al­lies to­gether for its big­gest diplo­matic event of the year in May, a sum­mit on its New Silk Road plan, with most Asian lead­ers due to at­tend but only one from a G7 na­tion, the Ital­ian prime min­is­ter. Pres­i­dent Xi Jin­ping has cham­pi­oned what China for­mally calls the “One Belt, One Road” or OBOR, ini­tia­tive to build a new Silk Road link­ing Asia, Africa and Europe, a land­mark pro­gram to in­vest bil­lions of dol­lars in in­fra­struc­ture projects in­clud­ing rail­ways, ports and power grids. China has ded­i­cated $40 bil­lion to a Silk Road Fund and the idea was the driv­ing force be­hind the es­tab­lish­ment of the $50 bil­lion China-backed Asian In­fra­struc­ture In­vest­ment Bank. For­eign Min­is­ter Wang Yi an­nounced yes­ter­day a list of those at­tend­ing the con- fer­ence, in­clud­ing some of China’s most re­li­able al­lies – Rus­sian Pres­i­dent Vladimir Putin, Pak­istani Prime Min­is­ter Nawaz Sharif and Cam­bo­dian Prime Min­is­ter Hun Sen. Wang con­firmed Philip­pine Pres­i­dent Ro­drigo Duterte as among 28 lead­ers com­ing, along with the Span­ish, Greek, Hun­gar­ian, Serb and Pol­ish prime min­is­ters and Swiss and Czech pres­i­dents.

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