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China Pledges $124 Billion For New Silk Road As Champion Of Globalization

OBOR, Chinese President Xi Jinping's dream project, envisages connecting Asia, Europe, and Africa by a network of roads, railway tracks, and shipping lanes.

#China will provide assistance worth 60 billion yuan (8.7 billion USA dollars) to developing countries and global organizations participating in the Belt and Road Initiative to launch more projects to improve people's well-being, said President Xi Jinping.

"The Netherlands is the most important logistical center in Europe, and Chengdu, in China's west, has huge potential, which means great opportunities for European countries", said Koen Sizoo, head of the Netherlands' consulate in neighboring Chongqing Municipality. Since 1999, that figure has surpassed US$7.5 billion.

The United States sent a diplomatic note warning to China on Friday that North Korea's attendance at the summit could affect the participation of other countries, casting a shadow over what is Beijing's biggest diplomatic event of 2017, two sources with knowledge of the situation said.

Xi insisted his government has "no desire to impose our will on others".

"We should build an open platform of co-operation and uphold and grow an open world economy", he said.

Early Sunday, North Korea launched a ballistic missile, emphasizing how high tensions in the region are at the moment and stealing focus from the OBOR forum in what could be seen as a deliberate insult to Xi. "The fact is that now OBOR belongs to us all - those who are participating in it and those who are not as yet", he elaborated.

Romana, the Philippines will play a crucial role in the rolling out of the Belt and Road Initiative.

Xi made the announcement while delivering a keynote speech at the opening ceremony of the two-day Belt and Road Forum for International Cooperation, the People's Daily reported.

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Russian Federation wants the elimination of those and election-related sanctions imposed by Obama. Lavrov said the allegations didn't arise during his meeting with Trump.

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And now he's not technically ruling out the possibility of hosting American Idol when it returns to television in 2018. The morning talk show tapes in New York City each morning, while Idol is shot on the opposite coast in Los Angeles.

The Russian president played the melody of the song "Moscow Windows" and "The City Over the Free Neva" as he was waiting for his meeting with Chinese leader Xi Jinping.

Some of China's most reliable allies and partners are present in the forum, including Russian President Vladimir Putin, Pakistani Prime Minister Nawaz Sharif, Cambodian Prime Minister Hun Sen and Kazakh President Nursultan Nazarbayev. No major Western leaders attended, though Britain, France and Germany were represented by top finance officials.

The US delegation was led by Matt Pottinger, special assistant to Mr Trump and senior director for East Asia at the National Security Council.

Of particular concern for many is what happens if Chinese-funded projects fail.

"I'll be happy to attend the first China International Import Expo next year", he said.

They described the project as an illegal attempt to grab Gilgit and see it as a "Road of Gulami or Slavery for Gilgit-Baltistan".

"No country can accept a project that ignores its core concerns on sovereignty and territorial integrity", said Indian foreign ministry spokesman Gopal Baglay, adding that there were concerns about host countries taking on "unsustainable debt".

The English-language newspaper China Daily has bombarded social media with quirky videos, including an American father telling his daughter bedtime stories about Xi's programme and children singing, "We'll share the goodness now, the Belt and Road is how".

"We should foster a new type of global relations featuring win-win cooperation; and we should forge partnerships of dialogue with no confrontation and of friendship rather than alliance", he said.

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