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Emerging economy leaders visiting China for 'Belt & Road' forum
Credit: IndiaTimes- Published on October 16, 2023
Leaders from emerging market countries have arrived in Beijing for a meeting marking the 10th anniversary of China's Belt and Road Initiative. The initiative, aimed at boosting trade and economic growth, has seen Chinese companies build infrastructure around the world. However, the project has also burdened some countries with...
Video credit: Wibbitz Top Stories
Published on October 16, 2023 - 01:31
China Hosts International Leaders at Latest Belt and Road Summit
China Hosts International, Leaders at Latest , Belt and Road Summit.
'The Guardian' reports that world leaders
have gathered in Beijing to join China's
belt and road initiative (BRI) forum. .
'The Guardian' reports that world leaders
have gathered in Beijing to join China's
belt and road initiative (BRI) forum. .
The forum is the third of its kind since
the global development drive was initiated
by President Xi Jinping ten years ago.
The BRI was originally meant to serve as
a physical and digital infrastructure project
connecting China with the rest of the world.
The project later transformed into
a massive financing vehicle for Chinese
lenders to back projects across the world.
Of over 130 countries attending the two-day summit,
the most senior European Union representative is
expected to be Hungary's prime minister, Viktor Orbán. .
Of over 130 countries attending the two-day summit,
the most senior European Union representative is
expected to be Hungary's prime minister, Viktor Orbán. .
Also scheduled to attend the summit
is Russian president Vladimir Putin
and a representative of the Taliban.
Also scheduled to attend the summit
is Russian president Vladimir Putin
and a representative of the Taliban.
'The Guardian' reports that the summit emphasizes that
China and Russia's political priorities are aligned,
despite Beijing promoting a peaceful resolution in Ukraine.
'The Guardian' reports that the summit emphasizes that
China and Russia's political priorities are aligned,
despite Beijing promoting a peaceful resolution in Ukraine.
Since the BRI's inception in 2013, China's development
goals have been hampered by a trade war with the U.S.,
Russia's invasion of Ukraine and the COVID-19 pandemic.
Last year, China pushed its global development
initiative (GDI) at the UN general assembly, linking the
concept with the UN's sustainable development goals.
Last week, China published a white paper
stating that “the ultimate goal of the BRI is to
help build a global community of shared future.”.
According to the paper, rather than focusing solely on
economic development, the BRI will take on issues like
food security, infectious diseases and climate change
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