Ambition to meet reality as China gathers world for Silk Road summit

Ambition to meet reality as China gathers world for Silk Road summitBy Ben Blanchard BEIJING (Reuters) – When leaders of 28 nations gather in Beijing next week for a summit to map out China’s ambitious new Silk Road project, one question is likely to be on attendees’ minds – what exactly is the Belt and Road Initiative? Proposed in 2013 by President Xi Jinping to promote a vision of expanding links between Asia, Africa and Europe underpinned by billions of dollars in infrastructure investment, the project is broad on ambition but still short on specifics. China has earmarked $ 40 billion for a special fund for the scheme, on top of the $ 100 billion capitalization for the China-led Asian Infrastructure Investment Bank (AIIB), many of whose projects will likely be part of the initiative.



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