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China's Xi says Belt and Road needs to reject protectionism

Reuters  |  BEIJING 

By Brenda Goh and Sue-Lin WongBEIJING (Reuters) - Chinese President Xi Jinping on Monday urged major multilateral institutions to join his new Belt and Road Initiative, stressing the importance of rejecting protectionism in seeking global economic growth.Addressing other world leaders at a summit on the initiative in Beijing, Xi said it was necessary to coordinate policies with the development goals of institutions including the Asia-Pacific Economic Cooperation (APEC), ASEAN, African Union and the European Union.Xi pledged $124 billion on Sunday for his new Silk Road which aims to bolster ...

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First Published: Mon, May 15 2017. 11:39 IST