Advertisement

Almost 30 state leaders put their support behind Xi Jinping’s new globalisation strategy

Draft communique of ‘Belt and Road’ summit endorses Xi Jinping’s grand plan to connect the world’s economies

Reading Time:2 minutes
Why you can trust SCMP
Chinese President Xi Jinping, centre, his wife Peng Liyuan and Russian President Vladimir Putin, left, arrive for a welcome banquet for the Belt and Road Forum at the Great Hall of the People in Beijing, Sunday, May 14, 2017. Photo: AP

State leaders of almost 30 countries have agreed to work together to build roads, railways, ports and other key infrastructure in one of the world’s biggest economic diplomacy programmes led by China.

Advertisement

The participants at the Belt and Road summit in Beijing said in a draft communique obtained by the South China Morning Post that they would improve cooperation to boost growth, trade and investment.

The “Belt and Road Initiative”, the brainchild of President Xi Jinping, is China’s biggest economic diplomacy programme. Around 30 state and government heads as well as delegates from more than 100 countries – including the United States and North Korea – met in Beijing on Sunday and Monday to discuss the plan.

According to the draft communique, the participating nations in the two-day forum agreed to promote “practical cooperation on roads, railways, ports, maritime and inland water transport, aviation, energy pipeline, electricity and telecommunications”.

They also agreed to jointly work on a long-term stable and sustainable financial system.

Advertisement