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China pledges $124 billion for new Silk Road as champion of globalisation

Reuters  |  BEIJING 

By Brenda Goh and Yawen ChenBEIJING (Reuters) - Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games. Xi used a summit on the initiative, attended by leaders and top officials from around the world, to bolster China's global leadership ambitions as U.S. President Donald Trump promotes "America First" and questions existing global free trade deals."We should build an open platform of cooperation and uphold and grow an ...

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First Published: Sun, May 14 2017. 17:36 IST