Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, August 24, 2017 02:43:28 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

China's Xi says Silk Road plan boosts finance, security ties

photo by

Russian President Vladimir Putin, right, and Chinese President Xi Jinping, left, walk prior to the opening ceremony of the Belt and Road Forum in Beijing on Sunday.

By
15th-May-2017       Readers ( 129 )   0 Comments
Comments
Share your thought
Post a comment »
Read all (0) »

AP, Beijing :
President Xi Jinping called Sunday for closer cooperation across Asia and Europe in areas from anti-terrorism to finance, as leaders from 29 countries gathered to promote a Chinese trade initiative that could increase Beijing's global influence.
The Belt and Road Initiative calls for building ports, railways and other facilities in a vast arc of 65 countries. Other countries welcome the investment but governments including the United States, Russia and India have expressed unease Beijing also might be using the effort to increase its political stature.
Speaking before an audience that included Russian President Vladimir Putin, Xi said his government has "no desire to impose our will on others." But he called for "economic integration" and cooperation on financial regulation, anti-terrorism and security - fields in which China's heft as the world's No. 2 economy would make it a dominant player.
"We should foster a vision of common, comprehensive, cooperative and sustainable security," said Xi. He called for stepped-up action against terrorism and what he called its root causes of poverty and social injustice. In a reminder of potential security threats, North Korea test-fired Sunday what could be a new type of missile in a direct challenge to the new South Korean president.
The "Belt and Road" is Xi's signature foreign policy initiative. The two-day meeting gives him a platform to promote his image as a global leader and free trade advocate in contrast to President Donald Trump, who has called for import restrictions. China is hardly the first government to promote regional trade links. Japan has given billions of dollars in grants and low-cost loans to Southeast Asian nations, and governments including South Korea have launched trade initiatives. But Beijing's effort is the most ambitious and is backed by China's financial muscle and status as the biggest global trader.
Chinese officials have said previously "Belt and Road" is purely commercial, though Xi's comments indicated Beijing sees that as including a broad array of regulatory and other coordination with potentially far-reaching consequences.
Some diplomats and political analysts say Beijing is trying to create a political and economic network centered on China, push the United States out of the region and rewrite rules on trade and security. The United States and Japan, which Beijing sees as rivals for influence in Asia, are not part of "Belt and Road."
China and Russia already are partners, along with Central Asian governments, in the Shanghai Cooperation Organization, a security group widely seen as an effort to counter U.S. influence in the region.

0 Comments. Share your thoughts also.
Write a comment
Tariff
Add Rate

News Archive

Inside The New Nation

Cricket »

Aussies go for defensive strategy against Tigers


UNB, Dhaka :Australian batting line will go for defensive strategy against the Tigers during their two-match Test series which will begin with the 1st match at Sher-e-Bangla National Cricket Stadium in Mirpur on Sunday (Aug 27).Visiting team's aggressive batting all-rounder Glenn Maxwell said, "I think the main thing is to ...

Entertainment »

Shailene Woodley might enter politics soon


Actress Shailene Woodley, who calls herself a feminist, says she doesn’t rule out the idea of running for political office. “There was a point last year when I was working for Bernie Sanders where I thought, ‘Huh, maybe I’ll run for Congress in a couple years. And you know what? ...

City »

Bangladesh Poribesh Andolon ( BAPA) and other organisations formed a human chain in front of South City Corporation office on Wednesday demanding measures for quick disposal of sacrificial animals' wastes during the upcoming Eid-ul-Azaha.


.

International »

US defence chief in Turkey for talks on Syria, Kurds


AFP, Ankara :Pentagon chief Jim Mattis arrived in Ankara on Wednesday for talks with Turkish leaders expected to focus on Washington's arming of a Syrian Kurdish militia, which Turkey views as a terror group, in the fight against Islamic State.Mattis flew in for the one-day visit after stopping in Iraq ...

Football »

Brothers taste first win in BPL Football


Brothers Union Club registered their first victory in the Saif Power Battery Bangladesh Premier League Football as they recorded a hard-fought solitary goal victory over Muktijodda Sangsad Krira Chakra held on Tuesday at Bangabandhu National Stadium.The first half of the match saw both the team got several scoring chances but ...

Editorial »

None to oversee and run the Insurance Sector


ACCORDING to the Insurance Development and Regulatory Authority (IDRA) sources, the organisation's top posts are still vacant, meaning - it can neither hold Board Meetings nor take decisions on policyholders and insurers' interest. Thus, the IDRA's validity and functionality come into the fore right away. IDRA has been formed under ...

International »

After Trump`s warning, China jumps to defense of Pakistan


PTI, New Delhi :China today jumped to the defence of its all-weather ally Pakistan in the wake of US President Donald Trump's stern warning to it over providing safe havens to terrorists, claiming that Islamabad is at the frontline of combating terrorism.Donald Trump, in his first prime-time televised address to ...

International »

India's top court bans Islamic instant divorce


Reuters, New Delhi :India's Supreme Court on Tuesday ruled a controversial Muslim instant divorce law unconstitutional, a landmark victory for Muslim women who had long argued that it violated their right to equality.The law allows Muslim men to divorce their wives simply by uttering the word "talaq" three times. Muslim ...

City »

`Japan to continue support for Bangladesh's uplift`


Japan assured that the country would continue its assistance for Bangladesh's development."We would continue to render assistance for the development of Bangladesh," Japanese Ambassador in Dhaka Masato Watanabe said when he paid a farewell call on Prime Minister Sheikh Hasina at her office here on Tuesday morning. After the meeting, ...

Entertainment »

Jacqueline blessed to be a part of A Gentleman and Judwaa 2


Jacqueline Fernandez is certainly on a high with much talked about projects, A Gentleman opposite Sidharth Malhotra and Judwaa 2 opposite Varun Dhawan, releasing back to back. With A Gentleman releasing this Friday and simultaneously stepping into the promotions of her movie, Judwaa 2, it’s an eventful period for Jacqueline ...

Editorial »

High risk in railway travel through flooding zones


A FATAL train accident was narrowly averted in Tangail on Sunday dawn as locals from a nearby mosque stepped in to stop a train only few yards from a bridge partially destroyed by floodwater in the Kalihati Upazila of the district. Driver of the Dhaka-bound Nilsagar Express carrying around 2000 ...

Cricket »

Australia's cricket players (from left) Glenn Maxwell, David Warner and Usman Khawaja playing with a ball during a practice session in Dhaka on Monday. Australia is scheduled to play two Test matches against Bangladesh beginning August 27 in Dhaka.


Entertainment »

Chirodiner Sabina on BTV in Eid


Sabina Yasmin is a living legend in the country’s music arena. For many years her songs inspired us. She has not only rendered patriotic songs but also gave her voice for play-back songs. On the occasion of coming Eid, Bangladesh Television has taken initiative to arrange a solo musical show ...

Entertainment »

Legendary film actor Razzak


Entertainment Desk :Abdur Razzak (1942-2017) was a legendary Bangladeshi actor and film director. He is referred to as Nayak Raj Razzak, a title given by Ahmed Zaman Chowdhury, editor of Chitrali. He got the Independence Day Award in 2015. Razzak was born in Naktala in South Kolkata His parents Akbar ...

City »

BFUJ President Manjurul Ahsan Bulbul, among others, at a programme for collecting relief materials for flood-hit people organised by Rangpur Bibhag Sangbadik Samity at the Jatiya Press Club on Monday.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news