Chinese President Xi hails deals worth over $64B signed during Belt and Road Initiative in Beijing as he reassures sceptics the project will deliver sustainable growth for all involved
China's President Xi Jinping speaks at a press conference at the end of the final day of the Belt and Road Forum at the China National Convention Centere at the Yanqi Lake venue outside Beijing on April 27, 2019.
Data from Refinitiv shows the total value of projects in the scheme stands at $3.67 trillion, spanning countries in Asia, Europe, Africa, Oceania and South America. Critics also complain too much of the work goes to Chinese state-owned companies and the initiative might lead to corruption and environmental damage.
On Friday, Xi promised to embrace international financial, environmental and other standards. He pledged to work more closely with multinational entities and to open projects dominated by Chinese state-owned companies wider to private and foreign contractors. Russian President Vladimir Putin gestures as he speaks during a news conference at the Second Belt and Road Forum for International Cooperation in Beijing, China, on April 27, 2019. Their joint statement emphasized the importance of "promoting green development" and "addressing the challenges of environmental protection and climate change."
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