Minister of Investment and International Cooperation Sahar Nasr met on Monday with Jin Qi, the chairperson of the Silk Road Fund, on the sidelines of her participation in the forum of the One Belt One Road (OBOR) in the Chinese capital, Beijing.
Chinese President Xi Jinping, right, and Russian President Vladimir Putin wave as leaders pose for a family photo during the Belt and Road Forum at meeting's venue on Yanqi Lake just outside Beijing, China, Monday, May 15, 2017.
Xi said the world must create conditions that promote open development and encourage the building of systems of "fair, reasonable and transparent global trade and investment rules".
Xi on Sunday opened the two-day meeting by pledging 540 billion yuan (US$78 billion) in financing, including 100 billion yuan for China's Silk Road Fund, 380 billion yuan in new lending for participating nations and 60 billion yuan in coming years to developing countries and global organizations that join the program. The US delegation was led by the Asia director of President Donald Trump's National Security Council.
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The B&R is a grand economic cooperation and development plan open to everyone, and is aimed at improving infrastructure in countries along the B&R route, thus benefiting the local people, it said.
Xi said it was necessary to coordinate policies with the development goals of institutions including the Asia-Pacific Economic Cooperation, ASEAN, the African Union and the European Union.
"On Saturday, Pakistan and China inked new deals worth almost $500 million, covering airport, sea port and highway construction". "As we connect Xinjiang with Gawadar and Karachi, we are not only connecting two nations, but on a much broader scale, two regions, which in turn will provide links to the Middle East and Africa on one side and Europe and the rest of the world on the other", he emphasized.
Xi said so far, the initiative had won support from 130 countries and 70 global organisations.
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Asked about India's Foreign Ministry spokesperson Gopal Baglay's remarks that India has been urging China to engage in a meaningful dialogue on Belt and Road, Hua said: "I would like you to do me a favour".
"China-Pakistan Economic Corridor is a core component of your visionary initiative of the "One Belt-One Road", Sharif told Xi when they met at the Great Hall of China on Saturday, according to the Associated Press of Pakistan.
Aziz also praised the Chinese leadership for proposing the BRI.
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