Germany demands more free trade guarantees on China Silk Road plan - minister

Germany demands more free trade guarantees on China Silk Road plan - minister

Germany demands more free trade guarantees on China Silk Road plan - minister

"It's very important for us and our companies that the calls for our projects under the Belt and Road Initiative are transparent, that they are non-discriminatory, and that they comply with global standards", German Economic Minister Brigitte Zypries said at the trade panel on Sunday.

Mr Xi pledged US$124 billion on Sunday for his new Silk Road which aims to bolster China's global leadership ambitions by expanding links between Asia, Africa, Europe and beyond, as US President Donald Trump promotes "America First".

Leaders at China's Belt and Road summit on Monday agreed to promote a rules-based, open and multilateral trading system with the World Trade Organisation at its core, according to the summit communique.

"While the Belt and Road initiative focuses on the Asian and European continents, it does not exclude any target or party", he said.

To provide more funding for his pet initiative, Xi stated that China will also encourage financial institutions to expand their overseas yuan fund businesses to the tune of to 300 billion yuan (about U.S. $44 billion).

Pentagon chief, Turkish PM meet after decision to arm Kurds
On Wednesday, Turkish Foreign Minister Mevlut Cavusoglu said that every weapon obtained by the YPG constitutes a threat to Turkey. An Erdogan adviser, Ibrahim Kalin, met on Tuesday with Thomas Shannon, the State Department No. 2 official.

No Indian official of any level was present at the elaborate opening ceremony yesterday attended by 29 heads of state and government, including Pakistan Prime Minister Nawaz Sharif, along with top officials of the world bodies like the United Nations, the World Bank and the International Monetary Fund. The project, which envisions the creation of a land-based Silk Road Economic Belt and sea-based Maritime Silk Road, expands China's global leadership and encourages worldwide development.

China is hosting a two-day summit meeting on the Belt and Road in Beijing.

Pakistan says it has signed new deals with China worth nearly $500 million, giving a boost to Beijing's Silk Road trade and infrastructure initiative for Asia, Africa, and Europe at the opening of a major worldwide summit.

He later announced that the two-day summit reached "broad consensus" on the project and that China will host a new forum in 2019.

"It is our hope that through the "Belt and Road" development, we will unleash new forces for global economic growth", Xi said at a brief news conference at a conference center in the hills north of the Chinese capital.

North Korea poses 'existential' threat, United States intel chief warns
This has been stated by Daniel Coats, the director of the National Intelligence of the United States, The Economic Times reports . Sunni extremists remain the primary terrorist threat to the US , with home-grown actors posing the biggest concern.

"He further said that it has no geographical boundaries" and it must not be politicised. At the same time, he praised the China Pakistan Economic Corridor (CPEC), which violates Indian sovereignty as a "flagship" project of BRI.

"China stresses that this initiative is not benefiting China alone, but it's of a benefit to all participating countries, and as we say, this initiative is not a solo piece but a symphony played by all participating countries", Qi said.

Named after the ancient Silk Road, the Belt and Road, or the One Belt, One Road initiative, was proposed by Xi in 2013 to chart out new territories for worldwide cooperation.

President Rodrigo Duterte was not able to attend the opening ceremony of the Belt and Road Forum due to bilateral meetings.

The Jakarta-Bandung, China-Laos and Hungary-Serbia railway lines as well as the upgrading of Gwadar and Piraeus ports are also among the projects launched to realize the initiative, it was learned.

Turkey demands USA reverse decision to arm Syrian Kurds
Jets carrying out air strikes against the jihadist group have flown from Turkey's Incirlik air base. John Dorrian, said US troops were about 6 miles from the strikes and put American forces at risk.

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