India boycotts China's OBOR summit, says it must respect territorial integrity

"We should build an open platform of cooperation and uphold and grow an open world economy", Xi told the opening of the summit.

But that harmony was somewhat spoiled by North Korea's missile launch from a base near the Chinese border hours before Xi started speaking.

According to the National Development and Reform Commission of China, the country's investment in projects related to the initiative has totaled 60 billion Dollars since 2013. The last time Duterte met Xi and Putin was during the Asia-Pacific Economic cooperation summit in Peru last October.

Britain can be a natural partner in delivering infrastructure in Belt and Road countries by supporting the finance and planning needed, Hammond said.

Sharif made the comments as India skipped China's Belt and Road Summit in opposition to the planned economic route which passes through Pakistan-controlled Kashmir. By some estimates, China plans to pump $150.billion into such projects each year.

However, western European countries have tended to send ministers or lower-ranking officials to the forum in a sign of their unease about the plan, which some see as an attempt to promote Chinese global influence. But they also have expressed concern that Beijing might undermine human rights and worldwide standards for lending or leave poor countries with too much debt.

China's state-run Xinhua news agency characterised One Belt One Road as a "once in a lifetime crack at modern prosperity" for developing nations with infrastructure deficits which have been neglected by the west. The $51.5 billion multi-layered infrastructure project aims to connect Kashgar in China's western Xinjiang province with Gwadar Port in Balochistan.

"We want German companies to be able to operate in China in the same way Chinese companies can in Germany", she said. "We will not export our system of society and development model, and even more will not impose our views on others".

"In advancing the Belt and Road, we will not re-tread the old path of games between foes".

"We should foster a new type of worldwide relationsfeaturing win-win cooperation; we should forge partnerships ofdialogue with no confrontation and of friendship, rather thanalliance", he said.

China is North Korea's chief ally and is seen by many as the main means for applying greater pressure on Pyongyang regarding its weapons programs.

"OBOR belongs to all of us, those who are participating and those who are not as yet. It must not be politicized", Sharif said here on the opening day of the event.

"No matter if they are from Asia and Europe, or Africa or the Americas, they are all co-operative partners in building the Belt and Road".

Meanwhile, Xi said a "stable, sustainable and safe" financing safeguard mechanism was needed to seek new financing methods and to improve cooperation between public and private funds.

The Philippines is ready to take part in the new Silk Road initiative led by China to help promote "inclusive growth and balanced development" that will benefit all.

So far, the initiative has won support from more than 100 countries and global organisations, of which over 40 have signed cooperation agreements with China.

Also, China will encourage financial institutions toconduct overseas RMB fund business with an estimated amount ofUSD 44 billion, Xi said. The prime ministers of Italy, Spain and Greece are expected, while Washington is sending a senior White House adviser.

Of the six corridors of Belt and Road, to New Delhi's interest is the Bangladesh-China-India-Myanmar route.

Related News:

  • Sean Spicer Claims Delay in Firing Followed Protocol

    Trump shouldered into the conversation in the morning, tweeting that it was the Obama administration, not he, that had given Lt. After those skeptical questions, Trump took no visible action against Flynn until a public outcry forced him to.
    Kevin Durant calls NBA combine waste of time for top prospects

    Kevin Durant calls NBA combine waste of time for top prospects

    Zagoria said former Arizona center Chance Comanche's draft placement will rely on his performance at the Combine and in workouts. His draft stock rose after he averaged 18.3 points, 4.7 rebounds and 2.4 assists on 44.3 percent shooting this past season.
    Allergan Stock Falls on Declining U.S. Medicine Revenue, Goldman Downgrade

    Allergan Stock Falls on Declining U.S. Medicine Revenue, Goldman Downgrade

    RSI measures the speed and change of a stock price to warn investors when a stock's momentum has carried it too far. On average, equities research analysts predict that Allergan plc will post $16.09 EPS for the current fiscal year.
  • Coach snags handbag rival Kate Spade in $2.4 billion deal

    The stock has risen 17% since December 27, a day before the Wall Street Journal reported the company was looking to sell itself. Sales fell slightly in the quarter to $271 million, while earnings declined to 1 cent a share from 5 cents a year earlier.
    Next Weeks Broker Price Targets For Symantec Corporation (NASDAQ:SYMC)

    Next Weeks Broker Price Targets For Symantec Corporation (NASDAQ:SYMC)

    The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . The overall volume in the last trading session was 4.86 million shares, versus the average volume of 5.59 million shares.

    Juventus will have to be at their best in Cardiff - Bonucci

    The Brazilian enjoyed eight successful years at Barcelona before deciding to move on last summer. Entering Tuesday, just four teams remain in Monaco, Juventus, Real Madrid and Atletico Madrid.
  • Equipment water leak stalls spacewalk by 2 US astronauts

    Equipment water leak stalls spacewalk by 2 US astronauts

    The EVA started over the Pacific Ocean near Hawaii and lasted 23 minutes, ending over the Gulf of Mexico. Air Force Academy in 1996 and was one of two astronauts to conduct the 200th spacewalk for the ISS.

    Comey writes farewell letter, says he 'will be fine' after firing

    Attorney General Sessions announced in March that he would recuse himself from matters relating to the investigation. The Trump administration said on Tuesday Comey was sacked because of his handling of the Clinton email probe .
    NCAA report shows athletes still breaking academic records

    NCAA report shows athletes still breaking academic records

    Each year, the NCAA honors selected Division I sports teams by publicly recognizing their latest multiyear NCAA Division I April . The men's basketball, men's golf, softball and volleyball teams led the way with ideal 1,000 scores over the previous four years.
  • North Korea sends protest to US Congress over sanctions

    North Korea sends protest to US Congress over sanctions

    It's not unusual for Pyongyang to condemn Washington's moves to censure it, but direct protests to Congress are exceptionally rare.

    Most Voters Say White House Press Briefings Are Necessary

    McCabe told a Senate panel it was not "standard practice" to tell an individual whether they are or are not under investigation. In a May 9 letter to Comey, Trump said the director had on three occasions assured him that he wasn't under investigation.
    White House Remains on Defensive After Firing FBI Director

    White House Remains on Defensive After Firing FBI Director

    Video shows Deputy Attorney General Rosenstein arriving on Capitol Hill to meet with Senate Intel leadership. "Very simple. White House officials say Trump had been contemplating firing Comey since last November's presidential election.


Most liked

En Marche! Names 428 Candidates for French Parliamentary Election
The rejection could prove troublesome for Valls, who risks expulsion from his Socialist Party for backing Macron's candidacy. In the village of Pieusse where Robert lives, Le Pen received 271 votes in Sunday's runoff, five more than Macron's 266.

UK Working to Restore Hospital Systems After Cyberattack
Many canceled all routine procedures and asked patients not to come to the hospital unless it was an emergency. Europol said Saturday that the attack was of an "unprecedented level and requires global investigation".

White House Defends Changing Accounts in Comey Firing: 'Our Story Is Consistent'
Sanders also said that the White House would "love" for the investigation "to be completed so that we can all move on". And Trump himself tweeted later Wednesday, "Dems have been complaining for months & months about Dir".

United Kingdom working to restore hospital systems after cyberattack
May said: "We are aware that a number of NHS organisations have reported that they have suffered from a ransomware attack". Microsoft has released software patches for the security holes, although not everyone has installed those updates.

Middlesbrough relegated after 3-0 defeat at leaders Chelsea
Chelsea can be crowned champions at West Brom on Friday night while Sunday could spell the end of Hull's stay in the top flight. However Chelsea's remarkable form this season will encourage owner Roman Abramovich to sanction a lucrative long-term deal.

Sergio still buzzing over his Masters title ahead of Players
But, as it so often does in life, when one inquiry is taken care of, more follow suit. "But we're not done here". Why, just four years ago, the Players' Stadium Course was the setting for a combative Sergio vs.

White House furious after being trolled with Russia Oval Office photos
As he was entering the Oval Office, a reporter asked whether the dismissal of Comey "cast a shadow" over today's meetings. He and Lavrov said they discussed the civil war in Syria, where Russian Federation backs President Bashar Assad.

Israel Criticizes UN Cultural Agency Resolution on Jerusalem
The United States, Italy, Great Britain, Germany, Holland, Lithuania, Greece, Paraguay, Ukraine and Togo opposed the resolution. In response, Netanyahu described the resolution as "bizarre", adding that "this harassment has a price".

Syrian Kurds clear mines after taking town, dam from IS
A US-led anti-Daesh coalition spokesman told reporters in Washington that the weapons would be "pointed at ISIS [Daesh]". On Tuesday, the Pentagon announced that U.S.

Comey infuriated Trump with refusal to preview Senate testimony: Aides
But as demonstrated by Comey's departure three years into his term, that doesn't keep presidents from legally firing them. The firing has prompted Democrats to amplify their calls for an independent investigation of the Russian Federation case.

Thomas scores 53, Celtics beat Wizards 129-119 in OT
The Washington Wizards picked on Isaiah Thomas for much of Game 2, but the Boston Celtics point guard got the last laugh. His 53-point performance is the most a player has scored in a playoff game since Allen Iverson scored 55 in 2003.

Don't call me Caitlyn: Baby name plunges in popularity
The agency started releasing its popular baby name list by gender in 1997 but has collected names dating to 1880. Perhaps this can be attributed to Kehlani Parrish, a singer/songwriter who was nominated for a Grammy in 2016.

Honor 8 Lite with 5.2-inch display, 12MP rear camera launched in…
One of the big credits to this device is that it runs Huawei's latest EMUI 5.0 along with Android 7.0 Nougat out of the box. The Honor 8 Lite will be available in Premium Black color initially, followed by a blue color variant later this month.

Coca-Cola European Partners Plc (CCE), Lloyds Banking Group plc (LYG)
While taking a look at financials, we can look at a number of key indicators about The Coca-Cola Company (KO ) . Argus assumed coverage on shares of Coca-Cola European Partners plc in a research note on Tuesday, March 7th.

Arsene Wenger hails Alexis Sanchez as Arsenal maintain push for Champions League
Arsene Wenger felt Arsenal were full value for their 2-0 win at Southampton that kept their Premier League top-four hopes alive. Southampton boss Claude Puel was frustrated after his side failed to take their chances with the game scoreless.