Xi Jinping rolls out global welcome mat for new Silk Road grand plan


Chinese President Xi Jinping has urged countries around the world to join an ambitious China-led revival of ancient trade routes, pledging at least US$113 billion in extra funding for the new Silk Road initiative.

In his keynote speech to the Belt and Road Forum for International Cooperation in Beijing on Sunday, Xi promised free trade, openness and shared prosperity.

He projected China as a willing driver of global trade and investment – a sharp contrast to the isolationist agenda in Washington and the growing fractures in the European Union.