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

Belt and Road Forum for International Cooperation

Belt and Road Forum for International Cooperation

Prime Minister Muhammad Nawaz Sharif arrived here on Friday to participate in the One Belt, One Road Forum, aimed at the regional development through win-win cooperation.

The United States would do well "to ask about what the rules will be and what the goal is behind this, but at the end of the day, the USA should not have a hostile attitude", Haenle said.

The Trump administration announced that Matt Pottinger, Special Assistant to the President and senior director for East Asia of National Security Council of the White House, will lead the USA delegation to the attend the One Belt and One Road Forum.

Besides attending the BRF, the prime minister will hold bilateral meetings with President Xi Jinping and Premier Li Keqiang.

The forum will showcase China's Belt & Road (B&R) initiative that has put India in a piquant situation as it included the United States dollars 46 billion China Pakistan Economic Corridor (CPEC) which goes through Pakistan-occupied Kashmir.

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

India, which is Asia's third largest economy behind China and Japan, sits near one of the world's busiest shipping lanes in the Indian Ocean.

Scrutiny of outbound investments by Chinese regulators will not affect Belt and Road projects, Ning said.

China's OBOR initiative has six proposed corridors and CPEC is termed as the most important corridor among them. Under Xi, China has strongly asserted its claim to virtually the entire strategic South China Sea and established the Asian Infrastructure Development Bank as a global institution alongside such bodies as the World Bank, Asian Development Bank and International Monetary Fund.

The maritime road which will connect up China's southern provinces to south-east Asia and the east coast of Africa with ports and railways.

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. "Afterwards it became that all solutions from any country are fine", said Wang Huiyao, head of the Centre for China and Globalization.

After the NC and Maoists forged a coalition and toppled the UML government, the coalition did not show any urgency to implement the deal with China.

Nepal signing the deal with China may cause concerns in India, which has opposed Beijing's initiative.

Both China and the United States should make their own contributions, he added. The Chinese foreign ministry stated that the communiqué will be issued on May 15.

"This is the China solution for global economic revival", Xinhua said last month of the new Silk Road, in a commentary blazed across the front page of the official "People's Daily".

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