Executive Briefings

China Hopes 50 Countries to Join Its Modern Silk Road Trade Project

China's President Xi Jinping said he hoped his nation's annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5tr in a decade.

China Hopes 50 Countries to Join Its Modern Silk Road Trade Project

Xi also pledged to protect the interests of foreign companies in China amid investors' rising concerns that Beijing is enacting policies that could hurt their businesses.

Under the so-called "One Belt, One Road" initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. Commerce Minister Gao Hucheng said previously that more than 50 countries had shown interest in the initiative.

Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, internet networks, maritime and other infrastructure links across Central, West and South Asia to as far as Greece, Russia and Oman, increasing China's connections to Europe and Africa.

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Xi also pledged to protect the interests of foreign companies in China amid investors' rising concerns that Beijing is enacting policies that could hurt their businesses.

Under the so-called "One Belt, One Road" initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. Commerce Minister Gao Hucheng said previously that more than 50 countries had shown interest in the initiative.

Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, internet networks, maritime and other infrastructure links across Central, West and South Asia to as far as Greece, Russia and Oman, increasing China's connections to Europe and Africa.

Read Full Article

China Hopes 50 Countries to Join Its Modern Silk Road Trade Project