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China to hold second 'Silk Road' summit in two years time

World
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Chinese President Xi Jinping delivers his speech during the opening ceremony of the Belt and Road Forum the China National Convention Center in Beijing Sunday, May 14, 2017. Xi offered tens of billions of dollars for projects that are part of his signature foreign policy initiative linking China to much of Asia, Europe and Africa. (AP Photo/Alexander Zemlianichenko)(170515) -- BEIJING, May 15, 2017 (Xinhua) -- Chinese President Xi Jinping (R) meets with Kenyan President Uhuru Kenyatta, who is here for the Belt and Road Forum (BRF) for International Cooperation, at the Great Hall of the People in Beijing, capital of China, May 15, 2017.  (Xinhua/Pang Xinglei)  (lfj)
BEIJING: China will host a second Belt and Road summit, on the country’s much touted new Silk Road plan, in two years time Chinese President Xi Jinping told the media at a press conference at the closing of China’s biggest diplomatic event of the year on Monday.
"It is our hope that through the Belt and Road development, we will unleash new forces for global economic growth," Xi told reporters.
The Belt and Road Forum for International Cooperation was held in the city for two days. World leaders from 29 nations as well as 1500 delegates, investors, entrepreneurs, scholars and media from more than 100 countries attended the event.
The meeting included Presidents Vladimir Putin of Russia and Recep Tayyip Erdogan of Turkey and presidents or prime ministers from Italy, Hungary, Greece, Kenya and most of China's Asian neighbours but no major Western leaders. Delegates from African included South Africa and Ethiopia. While officials from the United States and North Korea  also joined the international forum.
 The initiative - a modern Silk Road of trade, investment and infrastructure development - is China’s biggest foreign initiative to date.
 The plan focuses on promoting policy, financial integration, closer people-to-people ties, joint contribution and shared benefits  to all participating countries.
Xi  said so far, the initiative had won support from 130 countries and 70 international organisations. China has signed Belt and Road-related agreements  with 68 countries and international organisations. He added the forum had passed a list of 270 achievements.
 “We have reached consensus and passed (a joint) communique.”
Leaders, in attendance, have put their weight behind Jinping’s ambitious strategy which promises to boost economies leverage the strengths of all the countries involved.
Xi said the Belt and Road Initiative has “no political agenda” and was meant to be an "open and inclusive platform for development."
He said: “Under concerted efforts, we believe the Belt and Road can be built to be peaceful, thriving, pioneering, innovative, and civilised.”

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