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Risks on Belt & Road loans controllable: Bank officials

Risks on Belt & Road loans controllable: Bank officials

A provincial official told a group of Chinese reporters after a press briefing that they should not report on China's investment in countries along the Belt and Road routes, an instruction that is different from past practices, due to the sensitivity of the matter.

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

Domestically, he noted, Chinese leaders will move cautiously on their ambitious reform agenda, maintain their anti-corruption campaign, and try to manage China's slowing economy.

"In boosting the stream of development and transformation, I am confident the Digital Free Trade Zone, which is projected to generate 60,000 job opportunities, will become the first digital hub outside China", he said.

China's cargo trains have attracted European countries along the Belt and Road.

Analysts said the Belt and Road initiative would be an important step toward promoting yuan internationalisation as trade activities would increase use of the yuan, also known as the renminbi.

The Belt and Road initiative should not just be a "China solution" for the world, a Chinese think tank said on Wednesday.

Philippines, US begin smaller-scale joint military exercises
They will involve 2,600 American soldiers and 2,800 Filipino troops compared to a total of 12,000 in the 2015 edition of Balikatan .

Rugby league-NZ's Bromwich, Proctor dumped from World Cup selection
Coach David Kidwell said he was disappointed to hear of the accusations when he appeared on Channel Nine's Sunday Footy Show . Titans chief executive Graham Annesley was stunned by the revelations when contacted today by The Courier-Mail.

Local fans unleash the force for 'Star Wars' day
It's May 4th! Which means extra strong currents of Jedi good vibes are flowing through the universe, because it is Star Wars Day . For Star Wars fans it's one of the best days of the year (other than the day The Last Jedi gets its release).

China will host the Belt and Road Forum for International Cooperation in Beijing on May 14-15.

But with a confusing name, that officially refers to the Silk Road Economic Belt and the 21st-century Maritime Silk Road, added to myriad economic and security risks, clouds hang over the plan.

"We have some serious reservations about it because of sovereignty issues", Indian Finance Minister Arun Jaitley said in Japan last week.

There has been nearly relentlessly upbeat coverage in China ahead of the Belt and Road Forum, including documentaries on state television and smiling citizens in project countries praising the changes it has brought. "That's why countries want to join the Belt and Road", he tells his daughter in a third episode.

During next week's meeting, more than 50 memorandums of understanding, plans, co-operation letters and co-operation projects in transportation, energy and communications will be signed, Chinese government officials say.

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.

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