The Belt and Road Initiative is a key policy of President Xi Jinping and envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending. "We support collaboration among national and international financial institutions to provide diversified and sustainable financial supports for projects," the draft communique reads. It was not mentioned once in the summit communique from two years ago. "We underline the importance of promoting green development," the draft reads. "We encourage the development of green finance including the issuance of green bonds as well as development of green technology."

Source: Mint April 21, 2019 14:37 UTC