China manifests itself as the new champion of globalization, after pledging $124 billion for the revived Silk Road plan to forge a path of peace and free trade.
Beijing calls to abandon old models based on rivalry and diplomatic power games. Chinese president, Xi Jinping used a summit on the initiative, attended by leaders and top officials from around the world to bolster China’s global leadership ambitions as US president, Donald Trump promotes “America First”.
China is aiming to expand links between Asia, Africa and Europe, by investing billions of dollars for the “Silk Road” infrastructure. Xi said the world must create conditions that promote open development and encourage the building of systems of fair reasonable and transparent global trade and investment rules.
Leaders from 29 countries attended the forum, as well as the heads of the UN, IMF and World Bank. However, India refused to send an official delegation to Beijing, reflecting displeasure with China for developing a $57 billion trade corridor through Pakistan, that also crosses the disputed territory of Kashmir.
China is willing to share its development with all countries and will not interfere in other countries internal affairs or impose their views on others. The Silk Road would be open to all, including Africa and the Americas, which are not situated on the traditional Silk Road.
Reuters / AA Magnum News 2017.