Beijing, Jun 22 (PTI) China on Wednesday held a conference of ministers from Asia Pacific countries to discuss its ambitious Belt and Road Initiative (BRI). The summit is being organized after the US-led G7 countries announced plans to “Build Back a Better World” (B3W) against Beijing’s billion-dollar infrastructure development initiative.
The ‘Group of Seven’ (G7) includes the US, Canada, Britain, Germany, Italy, France and Japan. The G7 at its London conference on June 12 agreed to launch the B3W plan as a countermeasure to China’s growing influence, offering an infrastructure plan for developing countries that would be a competitor to the BRI.
Chinese Foreign Ministry spokesman Zhao Liejan said at a media briefing here on Tuesday that State Counselor and Foreign Minister Wang Yi will chair the Asia Pacific High-Level Conference on ‘Belt and Road Cooperation’ via video link, the theme of which is “For Sustainable Reform”. To cooperate to combat the epidemic”.
He said more than 30 parties, including foreign or finance ministers from relevant countries in the Asia Pacific and representatives of the United Nations and other international organizations, would attend the meeting.
“This is a high-level international conference on the Belt and Road Initiative with participants from diverse fields, which reflects the high priority and support being accorded by all stakeholders to BRI,” he said.
The billion-dollar BRI, launched in 2013 after Chinese President Xi Jinping came to power, aims to connect Southeast Asia, Central Asia, the Gulf region, Africa and Europe by land and sea routes.
The China Pakistan Economic Corridor (CPEC) is the flag bearer project of BRI. India has lodged an objection with China regarding the CPEC, as it passes through Pakistan Occupied Kashmir.