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

Posted May 13, 2017

"One Belt One Road will be a new hope in a period when the world has been facing uncertainties, including United States policy changes and Britain's exit" from the European Union, he said.

"We should all contribute to and participate in it".

David Dollar, a senior fellow at the Brookings Institution, said in a blog post this week that China's main destinations for direct investment are still the usual suspects: Europe, the U.S., Australia and Canada.

Four years after Mr. Xi launched the One Belt, One Road megaproject, domestic economic realities-slowing growth, mounting debt and fleeing capital-are catching up with the plan. "In the past, the daily briefings would be marked "must-reads"; it's renamed "North Korea" lately". "The Belt connects the land, the Road moves on the Sea".

He also pointed out to the Digital Free Trade Zone in Kuala Lumpur and the littoral mission ships to be manufactured in both countries as more results from the cooperation.

"The dialogue will be supervised by the National Development and Reform Commission of China and the Commerce Ministry, with which we actively cooperate and consult about Belarus' participation in implementing the Silk Road Economic Belt concept".

European Union foreign policy chief Federica Mogherini said during her visit to Beijing last month that the European Union would offer strong support for the initiative.

Diplomatic sources said the presence of Putin and other leaders from countries with dubious human rights records, like the Philippines and Central Asian states, had contributed to a reluctance among Western leaders to attend.

The burning questions, according to one diplomat, range from whether the summit will be a one-off event or ultimately turn into an annual parley, to whether China will set up overseas offices to monitor its projects abroad and establish a working relationship with foreign governments.

American officials say Washington wants to work with China on infrastructure.

China has taken umbrage at suggestions that the new Silk Road is about it trying to dominate the world and mould it to Beijing's liking, saying it is good for all and anyone can join.

China's OBOR initiative has six proposed corridors and CPEC is termed as the most important corridor among them.

"Some countries are moving away from globalization", Nilsson explains, adding, "The Belt and Road is an opportunity to move globalization forward".

"Achievements in the implementation of the Belt and Road initiative have exceeded all expectations demonstrating high dynamics and brilliant prospects", he said.

Ministry spokesman Bharat Raj Paudyal said the main objective of the agreement is "to promote mutually beneficial cooperation between Nepal and China in various fields such as the economy, environment, technology and culture". "You have to translate that into some working parts", Guinigundo said.