XI HOPES FOR
Belt and Road project will unleash new forces for global economic growth
CHINESE President Xi Jinping expressed ambitious hopes yesterday for Asian and European governments to work closely on finance, law enforcement and a broad range of other issues under a Beijing-led trade initiative as leaders of 30 countries ended a meeting to promote the effort.
The Belt and Road project is China’s biggest foreign initiative to date, as Beijing looks for global stature to match its economic success. It calls for expanding trade across Asia, Africa and Europe by investing in ports, railways and other facilities, but governments, including Russia, Washington and India, are uneasy Beijing also is using it to gain political influence.