29 countries to support China on the Silk Road

By Karen López

We will have stable, sustainable and controllable financial support that will drive Asia: Jinping

Chinese President Xi Jinping and 29 other heads of state reaffirmed their commitment to build open economies ensuring that trade is free and inclusive, with the initiative and reform of the Silk Road. This would involve around 900 projects of 900 thousand mdd.

SEDA (1)

Already 68 countries and international organizations have signed supporting the plan. Total trade between nations and other countries has already exceeded 3 trillion dollars between 2014 and 2016; Chinese investments in other nations amounted to more than 50 billion.

The project proposal includes expanding trade to Africa, Asia and Europe with investments in ports, railways and various infrastructure, a matter that has troubled governments like Russia, the United States and India, because they claim that Beijing is using this to gain political influence.

SEDA (2)

The Chinese president called on global leaders to boost profit outcomes that increase policy coordination and deepen implementation of the initiative, claiming he has no political agenda, but that it is a good moment for governments to come together to promote the initiative which will drive a financial policy in security, technology and education, where China, being such a large economy in Asia, could dominate.

RELATED NEWS

  • Corruption and impunity, the biggest challenge for 2018Corruption and impunity, the biggest challenge for 2018
  • CDMX toughens rules for transport apps; goodbye to UberpoolCDMX toughens rules for transport apps; goodbye to Uberpool
  • At least 217 dead after powerful earthquake hits central MexicoAt least 217 dead after powerful earthquake hits central Mexico
  • The surprising change of mood in 2017The surprising change of mood in 2017
  • Hurricane Hurricane 'Irma' will cause more cruise demand for Mexico
  • Merida, Yucatan fast becoming an industrial powerhouseMerida, Yucatan fast becoming an industrial powerhouse
  • Manpower predicts biggest recruitment surge in Mexico for 20 yearsManpower predicts biggest recruitment surge in Mexico for 20 years
  • 676,241 formal jobs are created between January and August 2017676,241 formal jobs are created between January and August 2017
  • Apple suffers Apple suffers 'major iPhone X leak'
  • Government signs agreement with Chinese e-commerce giant AlibabaGovernment signs agreement with Chinese e-commerce giant Alibaba
  • Who foots the bill for Mother NatureWho foots the bill for Mother Nature's Destructive Fury?
  • Shell opens first Mexico gas station, eyes up to $1 billion investmentShell opens first Mexico gas station, eyes up to $1 billion investment
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017