Biz-novosti

China's Xi says Belt and Road needs to reject protectionism


India has opted to keep out of the two-day "Belt and Road" summit in Beijing, in which about 23 heads of state, including Russian President Vladimir Putin and Pakistan Prime Minister Nawaz, Sharif are participating.

"The China Pakistan Economic Corridor is expected to shore up weak links of regional integration between China, India and their neighbouring regions, especially Central, West and South Asia".

The Belt and Road Forum for International Cooperation was hosted by China from May 14-15 in Beijing.

The Belt and Road Initiative summit opened on Sunday with 1,500 representatives, including 850 guests from 130 countries and 70 global organizations.

Other EU members, including Britain, France, Estonia, Greece and Portugal, were also refusing to support the document, a Beijing-based diplomat, who spoke on the condition of anonymity, told AFP.

Referring to the statement issued by the Ministry of External Affairs on March 13, a day before the two-day B&R summit, it said India also cited the potential debt burden as one of its other concerns, saying that, "connectivity initiatives must follow the principles of financial responsibility to avoid projects that would create an unsustainable debt burden for communities". India appears to be the only country that has expressed disapproval of the initiative in recent days, the editorial reads.

While CPEC is highlighted as "flagship project", it included Bangladesh, China, India, Myanmar, (BCIM) Economic Corridor, New Eurasian Land Bridge, China-Mongolia-Russia Economic Corridor, China-Indochina Peninsula Economic Corridor and 21st century Maritime Silk Road. Both India and Pakistan claim sovereignty over Kashmir, which is under the control of both sides.

Then it goes on to say that "China insists the Kashmir dispute is between India and Pakistan and it has no intention of intervening". The CPEC is a cooperation project in a purely economic sense with no aim to stir up political trouble. He added India's neighbours may even work to convince India, to join the OBOR initiative.

US Intelligence Report: Iran Pursuing 'Capability to Build Missile-Deliverable Nuclear Weapons'
Sunni extremists remain the primary terrorist threat to the US , with home-grown actors posing the biggest concern. The Trump administration has signaled it wouldn't rule out a pre-emptive strike to halt Kim's weapons programs.

In recent years, old problems have remained in Sino-Indian relations while some new problems have surfaced.

Blaming the recent rise of ultra-nationalism in India on New Delhi's hostility towards Beijing the Global Times said: " It should be pointed out that some people in India, with the ability to influence public opinion, have a shallow analysis of state interests, and an outdated understanding of geopolitics. "As two major powers in the east, China and India are justified and obligated to actively fill the void in global governance caused by the withdrawal of some Western countries, including the USA, and provide more public products and resources for the region's development", he observed.

"China is absolutely investing. large sums of money in renewables like solar and wind", he said. "That's why they tried really hard to get us on board".

Union Minister for Food Processing Harsimrat Kaur Badal today said that the Narendra Modi government has taken many steps to double the income of the farmers of the country.

"It is nearly impossible that two big countries can reach agreements on all things".

"China's cooperation has mostly been government-to-government", notes Zhao.

The Egyptian minister has presented several economic and development projects that are considered the government's priority during this period.

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