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China's Silk Road forum latest effort to boost Xi's stature

China's Silk Road forum latest effort to boost Xi's stature

Chinese official told local reporters on Friday to focus on the inclusiveness of China's Belt and Road initiative and refrain from reporting the amount of Chinese investment in specific countries along the route.

China has jointly set up 56 overseas economic cooperation zones in 20 Belt and Road countries, covering processing and manufacturing, resource utilization, agriculture, commercial logistics and R&D.

A decision to sign the framework agreement on Chinese President Xi Jinping's flagship initiative investing billions of dollars in infrastructure projects including railways, ports and power grids across Asia, Africa and Europe was taken by a Cabinet meeting on Monday after months of confusion and extended negotiations.

China has, though, outlined its ambitions in Chinese language pieces.

Ding Xiangqun, vice-president of China Development Bank (CDB), said at a press conference that the majority of projects supported by the CDB generated sufficient cash flow to pay back the principle and interest. The China Daily, a state-run media outlet, began pushing a new video series, "Belt and Road Bedtime Stories", this week to promote China's trade project, and it is doing it with the help of an American family.

The Belt and Road initiative should not just be a "China solution" for the world, a Chinese think tank said on Wednesday. Announced in 2013, the OBOR will include a a land-based Silk Road Economic Belt and a sea-based Maritime Silk Road.

United States does not see Moon win in S.Korea significantly changing ties
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Warriors move on with a sweep of the Trail Blazers
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Trump meets with Abbas, vows to 'get it done' on peace deal
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On May 13th (Saturday), leaders from various countries across Asia and Europe (including North Korea) will arrive in Beijing for the much-anticipated Belt and Road Forum where they will discuss China's grand plans of establishing a new Silk Road of highways and high-speed trains through the "One Belt, One Road" initiative. "That's why countries want to join the Belt and Road", he tells his daughter in a third episode.

Some Chinese experts say politics are being put ahead of economic factors.

He asked not to be identified, citing the sensitivity of the topic.

Speaking last week at a meeting of the Asian Development Bank in Japan, Philippine Deputy Central Bank Governor Diwa Guinigundo said it was hard to pre-judge the new Silk Road.

China is willing to work with Poland to further enrich their comprehensive strategic partnership, by maintaining high-level exchanges between the two countries, and expanding dialogue between their governments, legislative bodies and political parties, Xi said.

The diplomatic source familiar with the communique discussions said those talks had been tough, as everyone wanted a say.

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