President Xi Jinping on Saturday hailed deals worth more than $64 billion signed...
BEIJING - President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China’s Belt and Road Initiative this week as he sought to reassure skeptics the project will deliver sustainable growth for all involved.
“More and more friends and partners will join in Belt and Road cooperation,” he said in his closing remarks. “The cooperation will enjoy higher quality and brighter prospects.” In a separate statement China said it signed a memorandum of understanding with various countries including Italy, Peru, Barbados, Luxembourg, Peru and Jamaica.
Some partner nations have complained about the high cost of projects of BRI, which was launched in 2013, while some western governments view it as a means to spread Chinese influence abroad, leaving poor countries with unsustainable debt.
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