Leaders from emerging economies are visiting China for the ‘Belt and Road’ forum

2024-12-27 02:07:30 source:lotradecoin token category:reviews

BEIJING (AP) — Leaders of emerging market countries are arriving in Beijing for a meeting organized by the Chinese government that will mark the 10th anniversary of its Belt and Road Initiative.

More than a dozen leaders from Africa, Asia and the Mideast were flying into Beijing on Monday, following the arrivals of Chilean President Gabriel Boric and Hungarian Prime Minister Viktor Orbán on Sunday. Others are coming on Tuesday.

Under the Belt and Road initiative, a signature policy of Xi, Chinese companies have built ports, roads, railways, power plants and other infrastructure around the world in a bid to boost trade and economic growth.

But the massive Chinese development loans that funded the projects have also burdened some poorer countries with heavy debts.

A flurry of diplomacy is expected on the sidelines of the third Belt and Road Forum, whose main events are on Wednesday. Orbán met Sunday with Chinese leader Xi Jinping and Premier Li Qiang, Hungary’s state news agency MTI said. The forums also were held in 2017 and 2019.

Russian President Vladimir Putin is expected to attend the forum, as are representatives of the Taliban government in Afghanistan.

The leaders who arrived on Monday included Ethiopian Prime Minister Abiy Ahmed, Sri Lankan President Ranil Wickremesinghe, Republic of Congo President Denis Sassou Nguesso, Papua New Guinean Prime Minister James Marape and Cambodian Prime Minister Hun Manet.

More:reviews

Recommend

The burial site of the people Andrew Jackson enslaved was lost. The Hermitage says it is found

NASHVILLE, Tenn. (AP) — At least 26 enslaved people died on the Tennessee plantation of President An

NFL Star Vontae Davis’ Final Moments Before Death Revealed by Brother Vernon Davis

Vernon Davis is breaking his silence on his sibling's death. The former NFL tight end shared that hi

Powell hints Fed still on course to cut rates three times in 2024 despite inflation uptick

Federal Reserve Chair Jerome Powell said Wednesday that recent high inflation readings don’t “change