CE to attend Belt and Road Forum for International Cooperation

Remigio Civitarese
Mag 12, 2017

Turkish President Recep Tayyip Erdogan will participate the Belt and Road Forum, Beijing's ambitious logistics and trade plan, on May 14 and 15, responding to an invitation of Chinese President Xi Jinping. "He's showing hope in their economic future by proposing a very significant economic plan", former US ambassador to China Max Baucus told The Associated Press.

In the fourth episode, Nilsson marks on a globe the various countries that are taking part in the Belt and Road initiative, explaining to Liliana that "some countries are moving away from globalization". The other part of the project concerns maritime routes that will connect China with South East Asia, South Asia and ports up and down the east coast of Africa. Since then, it has repeatedly changed names and expanded to include the entire world, with the main goal of rebuilding the ancient trading routes from China to Europe overland and by sea.

In this May 11, 2017 photo, Chinese President Xi Jinping, center left, and his wife Peng Liyuan arrive for a welcome ceremony for Vietnam's President Tran Dai Quang at the Great Hall of the People in Beijing.

In the first episode, Nilsson introduces the big-time Belt and Road Forum, scheduled to be held in Beijing next week, telling his daughter that the OBOR is about more than just "moving stuff around". But they say Nepal may not be able to benefit from the OBOR if it does not have its own vision.

The two leaders will meet on the sidelines of the forum to discuss "further enhancing of the already satisfactory relations", according to presidential sources in Ankara.

Even more remarkably, three years on, there isn't even an official OBOR map released by China (the maps circulating are all imagined unofficial renderings of OBOR by the Chinese media).

A clip posted to YouTube by the state-run China Daily Wednesday features children, supposedly from countries involved in the project, singing "out their gratitude". And as well as backing worthwhile projects such as Pakistani ports and Central Asian railway stations, the initiative has provided cover for the acquisition of less productive and often trophy assets, such as European football clubs - Chinese tycoons have acquired about 100 of these to date.

Some Chinese bankers are anxious about the investment risks of including the feasibility of some projects and political instability.

Taking a strong exception to China-Pakistan Economic Corridor (CPEC) passing through PoK, India is expected to boycott the event.

He added that OBOR in particular is characterized by projects with "very little economic rationale for China".

"Many projects have been signed, but these need to be implemented on the ground", he said. "The Initiative is not only open to the countries in the region, but also open to the countries outside the region who are interested in it", said Yu.

"China, which represents a successful model in development based on industry, is set to pay more attention to the logistics sector to push economic development in the region, including Egypt", he said.

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