Belt and Road summiteers swear by open trade centred around WTO

PM congratulates Xi on OBOR summit

India, however, was conspicuous by its absence.

It is expected that the agreement between China and six multilateral development banks will enable greater investment in infrastructure crucial for cross border trade, and contribute to strengthening growth, development and prosperity across three continents.

"There's huge financing demand in the infrastructural construction along the Belt and Road, which is beyond one country's capability and has to rely on market force pooling capital across the world", Mr Zhou wrote. They are also concerned about transparency and access for foreign companies. What kind of dialogue is a meaningful dialogue. "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.

DIPLOMATS have voiced concern over China's ambitious "new Silk Road" plan, particularly over the transparency of the multi-billion dollar project, or apparent lack thereof.

Xi urged global organisations, including the EU and the African Union, to sign up to his "Belt and Road" agenda, according to Chinese state news agency Xinhua. Since jettisoning the Trans-Pacific Partnership - the Obama administration's trade treaty meant to insinuate the United States at the center of Asian trade - the Trump administration has offered no answer to One Belt, One Road.

Outside China, it is the largest stakeholder in the Beijing-led Asian Infrastructure Investment Bank and a founding member of the New Development Bank.

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EMPLOYING FOREIGN GRADUATES: International students with a bachelor's degree or above should find it easier to find jobs in Shanghai after rules eased this year allowing fresh graduates to apply for jobs in the city's free-trade zone, the official Xinhua News Agency reported.

China maintains neutrality on the Kashmir dispute between India and Pakistan.

"Both in terms of political endorsement and economic viability, India [attending the event] would have really benefited the Chinese", Singh said. "It gets harder from now onwards".

Currently, talks are underway between the Eurasian Economic Union and China on a new agreement.

China does not seek to export its development model to other nations, while also calling for mutual respect of one another's sovereignty, territory and "core interests", Xi said.

Italy is willing to participate in cooperation under the Belt and Road framework, particularly in the field of infrastructure, and to strengthen collaboration with China in areas linked to economy, technology, agriculture, public health, education, culture, tourism as well as small- and medium-sized enterprises, he said.

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