Chinese media warn India over Belt and Road project

Russian President Vladimir Putin attends a summit at the Belt and Road Forum in Beijing China Monday
Russian President Vladimir Putin attends a summit at the Belt and Road Forum in Beijing China Monday
Author

19 May, 2017

China made its latest bid for global leadership on Monday (15 May) when President Xi said to Russia's Vladimir Putin and Turkey's Recep Tayyip Erdogan that the world should say no to protectionism and embrace the new era of integration, internationalism, and globalization.

Britain, France and Germany were represented by finance or trade officials.

President Donald Trump was scathing about China's trade policies on the campaign trail, but relations have warmed in recent weeks as the US leader softens his stance.

"One single feather does not make a bird fly high", the president said.

Explaining the reasons behind India's decision to skip the two-day Belt and Road Forum (BRF) that ended in Beijing on Monday, external affairs ministry spokesperson Gopal Baglay had said: "Guided by our principled position on the matter, we have been urging China to engage in a meaningful dialogue on its connectivity initiative..."

Putin described the "One Belt, One Road" initiative to facilitate a 21st-century Silk Road, as a "timely and important proposition.in which Russian Federation will engage with active participation".

Xi also appealed to foreign leaders to resist pressure to close markets. But this is not for the first time that India is trying to obstruct purely developmental initiative as it always scuttled growth of the cooperative platform of SAARC and backed out of its commitment to joint Iran-Pakistan Gas Pipeline project.

According to Xi, it was necessary to coordinate policies with the development goals of institutions including the Asia-Pacific Economic Cooperation (APEC), ASEAN, African Union and the European Union.

Chinese President Xi Jinping said Monday a total of 68 countries and worldwide organizations have signed One Belt and One Road (OBOR) cooperation agreements with China.

"I want to invite you all to build strong cooperation with us in Indonesia and Asean [Association of Southeast Asian Nations] to work with our raw materials and energy resources, so that together we can develop a chain of production along the Silk Road", Jokowi said. Proposed by Xi in 2013, the development strategy focuses on connectivity and cooperation among nations in Asia, Africa, Europe and beyond.

Xi confirmed that China has so far signed cooperative agreements with 68 countries and worldwide organizations concerning the initiative, including those signed during the forum.

The TPP, touted by the previous USA administration of President Barack Obama, has effectively been killed by Trump, who has withdrawn United States support.

Beijing asked New Delhi to explain what it meant by "meaningful dialogue" on the Belt and Road project.

China is promoting itself as a champion of free trade in response to pressure in the U.S. and Europe for restrictions on imports. It also reffered to Xi's remarks in which, while skirting any references to India's absence at the meeting, he had said, "All countries should respect each other's sovereignty, dignity and territorial integrity, each other's development paths and social systems, and each other's cores interests and major concerns".


More news


  • Israel arrests 2 after deadly West Bank clash

    Israel arrests 2 after deadly West Bank clash

    Following the fatal shooting, the Israeli assailants' auto struck an ambulance, and rammed three Palestinians, causing mild wounds.
    Trump Announces 'Fast' Replacement for Sacked FBI Director

    Trump Announces 'Fast' Replacement for Sacked FBI Director

    The New York Times reported Thursday that Trump asked Comey to pledge his loyalty to the president and that Comey refused. Saturday, Trump was greeted on the tarmac by Jerry Falwell Jr., president of Liberty University.

    Baywatch clip: Priyanka Chopra's feeling shy and adorable at the beach

    Priyanka Chopra had recently grabbed eyeballs after her bikini pictures had gone viral on social media. A fun rapid fire on WWHL called the Between a Rock and a Hot Face was played with Priyanka.
  • Dallas Keuchel earns 7th win as Astros beat Marlins 12-2

    Dallas Keuchel earns 7th win as Astros beat Marlins 12-2

    The performance from McCullers was his third straight outing with at least six innings pitched while giving up zero earned runs. Mathis' two-run shot also came against Robles, hit hard for the second consecutive outing after a strong start to the season.
    Owners expected to trim NFL OT from 15 to 10 minutes

    Owners expected to trim NFL OT from 15 to 10 minutes

    At league meeting next week, NFL owners will vote on proposal to allow a second player to come off IR in season. Seattle and Arizona tied in Week 7, while Washington and Cincinnati tied in Week 8.

    Team India Champions Trophy Squad Declared; Shami And Aswin Makes A Comeback

    KL Rahul, who had grown into one of India's most valuable players across formats past year , was not among the touring party. In the absence of the injured KL Rahul, Sharma, Shikhar Dhawan and Ajinkya Rahane will compete for the opener slots.
  • Advanced Micro Devices, Inc. (NASDAQ:AMD) Insider Watch on The Stock

    Advanced Micro Devices, Inc. (NASDAQ:AMD) Insider Watch on The Stock

    This company shares are 12.23% off its target price of $12.57 and the current market capitalization stands at $10.52B. Shares of Advanced Micro Devices (NASDAQ: AMD ) traded up 0.491% during midday trading on Tuesday, reaching $11.255.
    Trump asked Comey to shut down Flynn investigation

    Trump asked Comey to shut down Flynn investigation

    Comey in the memo. "And I think loves the United States, which to us is very important", USA Today quoted the President as saying. Trump told reporters that it was a "great honor" to meet with Sheikh Mohamed and gave a nod to their long relationship.
    VW's GTI on the way up!

    VW's GTI on the way up!

    We've long suspected the base auto could handle more power so here's hoping its chassis magic hasn't been lost with VW's tuning. Due to reach showrooms early next year, here is hoping that the Up can transcend some of the magic of the mk1 Golf GTI.
  • Say Hello To The New VW Up GTI

    Say Hello To The New VW Up GTI

    Volkswagen has finally taken the wraps off the long awaited Up GTI, a spiritual successor to the original Mk1 Golf GTI and much loved Lupo GTI.
    Mourinho hits out at Man Utd supporters and fixture schedule

    Mourinho hits out at Man Utd supporters and fixture schedule

    When we lost these players in a period of 17 matches in seven weeks, it was the impossible job. It was not a gamble, but a outcome of our situation.

    LeBron and Co cruise past Celtics in game one romp

    The reigning National Basketball Association champion Cavaliers toyed with the Celtics in last night's 117-104 final at TD Garden. Stat F: LeBron James has played by far his most career playoff games against the Boston Celtics (30 games, 18-12, .600).